Weaver Consulting Group Makes New $200,000 Investment in McDonald’s Co. (NYSE:MCD)

Weaver Consulting Group bought a new position in shares of McDonald’s Co. (NYSE:MCD – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 761 shares of the fast-food giant’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Gladstone Institutional Advisory LLC grew its position in shares of McDonald’s by 57.8% during the third quarter. Gladstone Institutional Advisory LLC now owns 24,941 shares of the fast-food giant’s stock worth $5,755,000 after acquiring an additional 9,132 shares during the last quarter. Bartlett & Co. LLC grew its position in shares of McDonald’s by 0.3% during the third quarter. Bartlett & Co. LLC now owns 172,083 shares of the fast-food giant’s stock worth $39,709,000 after acquiring an additional 486 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of McDonald’s by 8.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,120 shares of the fast-food giant’s stock worth $258,000 after acquiring an additional 86 shares during the last quarter. Canandaigua National Corp grew its position in shares of McDonald’s by 10.1% during the third quarter. Canandaigua National Corp now owns 36,565 shares of the fast-food giant’s stock worth $8,437,000 after acquiring an additional 3,347 shares during the last quarter. Finally, Marino Stram & Associates LLC grew its position in shares of McDonald’s by 0.8% during the third quarter. Marino Stram & Associates LLC now owns 9,920 shares of the fast-food giant’s stock worth $2,289,000 after acquiring an additional 78 shares during the last quarter. 66.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MCD shares. Stifel Nicolaus increased their target price on shares of McDonald’s from $260.00 to $270.00 and gave the company a “hold” rating in a research report on Monday, January 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of McDonald’s from $263.00 to $277.00 in a research report on Wednesday, February 1st. Truist Financial decreased their target price on shares of McDonald’s from $300.00 to $292.00 and set a “buy” rating for the company in a research report on Wednesday, February 1st. Jefferies Financial Group increased their target price on shares of McDonald’s from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. Finally, Wells Fargo & Company assumed coverage on shares of McDonald’s in a research report on Monday, January 23rd. They issued an “equal weight” rating and a $280.00 target price for the company. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $288.80.

McDonald’s Price Performance

NYSE MCD opened at $267.20 on Friday. The firm has a market capitalization of $195.46 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. The company has a 50 day simple moving average of $267.15 and a 200-day simple moving average of $262.86. McDonald’s Co. has a 52-week low of $228.34 and a 52-week high of $281.67.

McDonald’s (NYSE:MCD – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The fast-food giant reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a net margin of 26.65% and a negative return on equity of 120.10%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.23 earnings per share. On average, analysts predict that McDonald’s Co. will post 10.51 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were given a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a yield of 2.28%. The ex-dividend date was Tuesday, February 28th. McDonald’s’s payout ratio is presently 72.81%.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 3,850 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $267.69, for a total transaction of $1,030,606.50. Following the transaction, the chief executive officer now owns 34,637 shares in the company, valued at $9,271,978.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other McDonald’s news, EVP Marion K. Gross sold 1,396 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $265.44, for a total transaction of $370,554.24. Following the transaction, the executive vice president now owns 308 shares in the company, valued at $81,755.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 3,850 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $267.69, for a total transaction of $1,030,606.50. Following the completion of the sale, the chief executive officer now owns 34,637 shares in the company, valued at approximately $9,271,978.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,122 shares of company stock valued at $2,177,681. 0.25% of the stock is currently owned by corporate insiders.

McDonald’s Company Profile

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McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.