McDonald’s Co. (NYSE:MCD) Shares Purchased by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 10,743 shares of the fast-food giant’s stock after buying an additional 168 shares during the quarter. McDonald’s accounts for 1.1% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Kiley Juergens Wealth Management LLC’s holdings in McDonald’s were worth $3,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of MCD. Blue Bell Private Wealth Management LLC increased its holdings in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in McDonald’s in the 3rd quarter valued at about $33,000. Retirement Group LLC acquired a new stake in McDonald’s in the 4th quarter valued at about $37,000. Keener Financial Planning LLC acquired a new stake in McDonald’s in the 4th quarter valued at about $39,000. Finally, Bear Mountain Capital Inc. acquired a new stake in McDonald’s in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MCD shares. Bank of America raised their price target on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Erste Group Bank reaffirmed a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Truist Financial decreased their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Morgan Stanley decreased their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $319.72.

McDonald’s Stock Down 0.3 %

Shares of NYSE:MCD traded down $0.86 on Tuesday, reaching $265.37. 2,912,505 shares of the company’s stock were exchanged, compared to its average volume of 3,243,292. The firm has a market capitalization of $191.33 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.89 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The business’s 50-day moving average is $284.60 and its two-hundred day moving average is $280.75.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the company earned $2.59 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 12.35 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.52%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.