McDonald’s Co. (NYSE:MCD) Shares Bought by Heirloom Wealth Management

Heirloom Wealth Management grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,947 shares of the fast-food giant’s stock after acquiring an additional 561 shares during the quarter. McDonald’s comprises about 3.2% of Heirloom Wealth Management’s holdings, making the stock its 10th largest position. Heirloom Wealth Management’s holdings in McDonald’s were worth $8,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC increased its position in McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in McDonald’s during the 3rd quarter worth approximately $33,000. Retirement Group LLC acquired a new stake in McDonald’s during the 4th quarter worth approximately $37,000. Keener Financial Planning LLC acquired a new stake in McDonald’s during the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. acquired a new stake in McDonald’s during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MCD. Morgan Stanley lowered their price objective on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Barclays lowered their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Royal Bank of Canada lowered their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $325.00 price objective on shares of McDonald’s in a research report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $319.72.

McDonald’s Stock Up 0.4 %

MCD stock traded up $1.01 during mid-day trading on Friday, reaching $271.99. The company had a trading volume of 2,904,090 shares, compared to its average volume of 3,245,232. The stock has a market capitalization of $196.11 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.97 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The stock’s 50-day simple moving average is $283.10 and its two-hundred day simple moving average is $280.72.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $2.59 earnings per share. On average, research analysts forecast that McDonald’s Co. will post 12.33 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.27% of the company’s stock.

McDonald’s Company 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.