Wealthquest Corp Acquires Shares of 3,027 McDonald’s Corporation $MCD

Wealthquest Corp acquired a new stake in shares of McDonald’s Corporation (NYSE:MCDFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,027 shares of the fast-food giant’s stock, valued at approximately $925,000.

Other hedge funds have also recently bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new stake in McDonald’s during the 4th quarter valued at approximately $27,000. Park Place Capital Corp grew its stake in McDonald’s by 95.7% during the 4th quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 45 shares in the last quarter. DecisionPoint Financial LLC grew its position in shares of McDonald’s by 1,616.7% in the 4th quarter. DecisionPoint Financial LLC now owns 103 shares of the fast-food giant’s stock worth $31,000 after acquiring an additional 97 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of McDonald’s in the 4th quarter worth approximately $31,000. Finally, Painted Porch Advisors LLC grew its position in shares of McDonald’s by 735.7% in the 3rd 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. Institutional investors and hedge funds own 70.29% of the company’s stock.

More McDonald’s News

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

Wall Street Analysts Forecast Growth

MCD has been the subject of several research reports. Truist Financial lifted their target price on McDonald’s from $356.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $340.00 target price on shares of McDonald’s in a research report on Thursday, February 12th. BTIG Research reiterated a “buy” rating and issued a $370.00 target price on shares of McDonald’s in a research report on Thursday, May 7th. JPMorgan Chase & Co. decreased their target price on McDonald’s from $325.00 to $305.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, Evercore set a $350.00 target price on McDonald’s in a research report on Friday, May 8th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $334.45.

Read Our Latest Stock Analysis on MCD

McDonald’s Trading Up 0.1%

Shares of NYSE MCD opened at $282.48 on Monday. The company has a market cap of $200.70 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.81 and a beta of 0.43. McDonald’s Corporation has a 12-month low of $271.98 and a 12-month high of $341.75. The stock’s 50 day simple moving average is $299.71 and its 200 day simple moving average is $309.34.

McDonald’s (NYSE:MCDGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.09. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The business had revenue of $6.52 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter last year, the business posted $2.67 EPS. The business’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that McDonald’s Corporation will post 12.93 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 333 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $302.72, for a total value of $100,805.76. Following the sale, the insider owned 8,067 shares of the company’s stock, valued at $2,442,042.24. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 5,585 shares of company stock valued at $1,769,209. 0.26% of the stock is owned by company insiders.

McDonald’s Company 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.

Featured Stories

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

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.