McDonald’s Co. (NYSE:MCD) Shares Acquired by Hurlow Wealth Management Group Inc.

Hurlow Wealth Management Group Inc. boosted its position in McDonald’s Co. (NYSE:MCD) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,838 shares of the fast-food giant’s stock after acquiring an additional 100 shares during the quarter. Hurlow Wealth Management Group Inc.’s holdings in McDonald’s were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. United Bank lifted its position in McDonald’s by 3.5% during the third quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after buying an additional 218 shares in the last quarter. Morse Asset Management Inc lifted its holdings in shares of McDonald’s by 12.8% during the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant’s stock valued at $1,031,000 after acquiring an additional 385 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in McDonald’s by 1.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 317,489 shares of the fast-food giant’s stock worth $96,679,000 after purchasing an additional 4,161 shares during the period. Quantinno Capital Management LP increased its holdings in McDonald’s by 31.4% in the 3rd quarter. Quantinno Capital Management LP now owns 52,600 shares of the fast-food giant’s stock valued at $16,017,000 after purchasing an additional 12,562 shares in the last quarter. Finally, Stifel Financial Corp raised its position in McDonald’s by 1.7% in the third quarter. Stifel Financial Corp now owns 1,095,710 shares of the fast-food giant’s stock valued at $333,719,000 after purchasing an additional 18,474 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MCD shares. Robert W. Baird upped their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Citigroup reduced their target price on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a research report on Thursday. Erste Group Bank upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Truist Financial dropped their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $323.30.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $318.15 on Friday. The company’s fifty day moving average is $304.05 and its two-hundred day moving average is $298.69. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a market capitalization of $227.31 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

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 net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.23%. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock worth $8,461,400 in the last three months. 0.23% of the stock is owned by insiders.

McDonald’s 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, Spain, and the U.K.