Daner Wealth Management LLC Invests $825,000 in McDonald’s Co. (NYSE:MCD)

Daner Wealth Management LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,841 shares of the fast-food giant’s stock, valued at approximately $825,000. McDonald’s comprises approximately 0.6% of Daner Wealth Management LLC’s holdings, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s during the 4th quarter valued at $27,000. Collier Financial bought a new position in McDonald’s during the fourth quarter worth $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of McDonald’s in the third quarter valued at $31,000. Finally, Marshall Investment Management LLC bought a new position in shares of McDonald’s in the fourth quarter valued at about $37,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

McDonald’s stock opened at $310.84 on Wednesday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market capitalization of $222.75 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The stock has a fifty day moving average of $293.10 and a 200-day moving average of $294.65.

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

McDonald’s Announces Dividend

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

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,504 shares of company stock valued at $9,897,305 in the last quarter. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on MCD shares. TD Securities reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Wedbush upped their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Cowen reissued a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Finally, Bank of America lifted their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.61.

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.