IAG Wealth Partners LLC Decreases Stock Position in McDonald’s Co. (NYSE:MCD)

IAG Wealth Partners LLC lowered its stake in McDonald’s Co. (NYSE:MCD) by 22.8% during the 4th quarter, Holdings Channel reports. The firm owned 414 shares of the fast-food giant’s stock after selling 122 shares during the quarter. IAG Wealth Partners LLC’s holdings in McDonald’s were worth $123,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Strategic Blueprint LLC raised its position in shares of McDonald’s by 23.7% during the 3rd quarter. Strategic Blueprint LLC now owns 4,219 shares of the fast-food giant’s stock valued at $1,111,000 after buying an additional 808 shares in the last quarter. CX Institutional raised its position in shares of McDonald’s by 1.0% during the 3rd quarter. CX Institutional now owns 8,024 shares of the fast-food giant’s stock valued at $2,114,000 after buying an additional 76 shares in the last quarter. Olistico Wealth LLC raised its position in shares of McDonald’s by 6.8% during the 3rd quarter. Olistico Wealth LLC now owns 3,490 shares of the fast-food giant’s stock valued at $919,000 after buying an additional 221 shares in the last quarter. Birch Hill Investment Advisors LLC raised its position in shares of McDonald’s by 1.2% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 6,085 shares of the fast-food giant’s stock valued at $1,603,000 after buying an additional 75 shares in the last quarter. Finally, Financial & Tax Architects LLC raised its position in shares of McDonald’s by 2.6% during the 3rd quarter. Financial & Tax Architects LLC now owns 19,653 shares of the fast-food giant’s stock valued at $5,178,000 after buying an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MCD. Robert W. Baird reiterated an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a report on Tuesday, February 6th. Morgan Stanley cut their price target on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Truist Financial cut their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Finally, Wedbush cut their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $318.41.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

NYSE MCD opened at $273.09 on Friday. The firm’s 50 day moving average price is $281.68 and its 200-day moving average price is $281.74. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The company has a market cap of $196.90 billion, a PE ratio of 23.60, a P/E/G ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the company posted $2.59 earnings per share. McDonald’s’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. McDonald’s’s payout ratio is 57.74%.

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.