Avion Wealth Boosts Stake in McDonald’s Co. (NYSE:MCD)

Avion Wealth grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 52.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 607 shares of the fast-food giant’s stock after buying an additional 210 shares during the period. Avion Wealth’s holdings in McDonald’s were worth $175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC lifted its holdings in McDonald’s by 1.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock valued at $765,000 after purchasing an additional 42 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of McDonald’s in the third quarter valued at approximately $1,472,000. VitalStone Financial LLC lifted its stake in shares of McDonald’s by 148.8% during the third quarter. VitalStone Financial LLC now owns 311 shares of the fast-food giant’s stock valued at $95,000 after buying an additional 186 shares during the period. CX Institutional boosted its position in McDonald’s by 65.8% during the third quarter. CX Institutional now owns 27,040 shares of the fast-food giant’s stock worth $8,234,000 after acquiring an additional 10,733 shares during the last quarter. Finally, Creative Planning grew its stake in McDonald’s by 1.4% in the 3rd quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock worth $100,311,000 after acquiring an additional 4,480 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $310.16 on Wednesday. The stock has a market capitalization of $222.27 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company has a 50 day moving average price of $291.02 and a 200 day moving average price of $291.56.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, sell-side analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wedbush increased their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday. Robert W. Baird lifted their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Company Profile

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.