Signet Private Wealth LLC Buys Shares of 2,730 McDonald’s Corporation $MCD

Signet Private Wealth LLC bought a new position in McDonald’s Corporation (NYSE:MCDFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,730 shares of the fast-food giant’s stock, valued at approximately $834,000. McDonald’s comprises about 0.8% of Signet Private Wealth LLC’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Your Advocates Ltd. LLP bought a new stake in shares of McDonald’s in the 4th quarter valued at approximately $27,000. Park Place Capital Corp raised its position in McDonald’s by 95.7% during the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 45 shares in the last quarter. DecisionPoint Financial LLC raised its position in McDonald’s by 1,616.7% during the fourth quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock valued at $31,000 after acquiring an additional 97 shares in the last quarter. Entrust Financial LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $31,000. Finally, Painted Porch Advisors LLC grew its position in McDonald’s by 735.7% in the third quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock worth $36,000 after acquiring an additional 103 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s News Roundup

Here are the key news stories impacting McDonald’s this week:

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. UBS Group raised their price target on shares of McDonald’s from $350.00 to $365.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Weiss Ratings lowered McDonald’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 29th. KeyCorp reduced their price target on McDonald’s from $345.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Truist Financial upped their price target on McDonald’s from $356.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, TD Cowen lowered their price objective on McDonald’s from $330.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $336.26.

Get Our Latest Stock Report on McDonald’s

McDonald’s Price Performance

Shares of MCD opened at $282.98 on Thursday. The company has a market capitalization of $201.06 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 2.81 and a beta of 0.41. McDonald’s Corporation has a one year low of $271.85 and a one year high of $341.75. The company’s fifty day moving average price is $290.34 and its 200 day moving average price is $307.07.

McDonald’s (NYSE:MCDGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The company had revenue of $6.52 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the company earned $2.67 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that McDonald’s Corporation will post 12.93 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be given a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 2nd. McDonald’s’s payout ratio is currently 61.34%.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the transaction, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 5,252 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the transaction, the insider owned 7,734 shares of the company’s stock, valued at approximately $2,198,930.88. The trade was a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,307 shares of company stock valued at $3,262,622. Corporate insiders own 0.26% of the company’s stock.

McDonald’s Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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