McDonald’s Co. (NYSE:MCD) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 592,760 shares of the fast-food giant’s stock after purchasing an additional 9,587 shares during the quarter. Commonwealth Equity Services LLC owned 0.08% of McDonald’s worth $175,760,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Independent Wealth Network Inc. lifted its position in shares of McDonald’s by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after acquiring an additional 35 shares during the last quarter. Paragon Capital Management Ltd lifted its position in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares during the last quarter. Mechanics Financial Corp raised its stake in McDonald’s by 0.7% during the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares during the period. Unique Wealth LLC raised its stake in McDonald’s by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares during the period. Finally, Patron Partners LLC raised its stake in McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock valued at $1,529,000 after purchasing an additional 38 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Performance

Shares of NYSE:MCD traded down $0.07 during midday trading on Thursday, hitting $274.36. The company’s stock had a trading volume of 1,471,360 shares, compared to its average volume of 3,309,810. The stock has a market capitalization of $197.82 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 2.98 and a beta of 0.71. The stock’s 50 day simple moving average is $280.53 and its 200 day simple moving average is $282.27. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same period in the prior year, the business posted $2.63 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Ratings Changes

Several analysts have issued reports on MCD shares. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Barclays cut their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. TD Cowen reaffirmed a “buy” rating and issued a $305.00 price target on shares of McDonald’s in a research note on Tuesday. Stephens reaffirmed an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. Finally, Truist Financial dropped their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $316.63.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred 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 sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

About McDonald’s

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.