Cassaday & Co Wealth Management LLC Raises Position in McDonald’s Co. (NYSE:MCD)

Cassaday & Co Wealth Management LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,070 shares of the fast-food giant’s stock after buying an additional 123 shares during the period. McDonald’s makes up about 0.2% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 29th largest holding. Cassaday & Co Wealth Management LLC’s holdings in McDonald’s were worth $8,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s in the 4th quarter worth about $27,000. Collier Financial bought a new position in shares of McDonald’s during the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s during the 3rd quarter valued at about $31,000. Finally, Hara Capital LLC bought a new stake in McDonald’s in the 3rd quarter worth approximately $44,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wedbush lifted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Truist Financial lowered their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Barclays boosted their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Transactions at McDonald’s

In other McDonald’s news, CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was 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. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,106 shares of company stock valued at $6,368,814 in the last quarter. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of MCD opened at $302.89 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm’s 50-day simple moving average is $292.45 and its two-hundred day simple moving average is $293.51. The stock has a market cap of $217.06 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Equities research analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 2.34%. McDonald’s’s dividend payout ratio is currently 62.16%.

About McDonald’s

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.