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

Heritage Wealth Management Inc. CA increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 108.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 971 shares of the fast-food giant’s stock after acquiring an additional 505 shares during the period. Heritage Wealth Management Inc. CA’s holdings in McDonald’s were worth $281,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Boltwood Capital Management boosted its stake in shares of McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock valued at $546,000 after buying an additional 35 shares during the period. Pettee Investors Inc. raised its holdings in shares of McDonald’s by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after acquiring an additional 35 shares in the last quarter. Modus Advisors LLC boosted its position in McDonald’s by 0.4% during the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after purchasing an additional 36 shares during the last quarter. Independent Wealth Network Inc. grew its stake in McDonald’s by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock valued at $213,000 after purchasing an additional 36 shares in the last quarter. Finally, Blue Barn Wealth LLC increased its position in McDonald’s by 4.3% in the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Manuel Jm Steijaert sold 10,459 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the transaction, the executive vice president now owns 4,606 shares in the company, valued at approximately $1,421,918.26. This represents a 69.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,405 shares of company stock valued at $9,886,656. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $305.85 on Tuesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock has a market cap of $218.52 billion, a P/E ratio of 26.85, a P/E/G ratio of 3.10 and a beta of 0.71. The firm has a 50 day moving average price of $299.21 and a 200 day moving average price of $297.65.

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

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio is presently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Truist Financial dropped their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Citigroup lifted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Piper Sandler decreased their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Barclays lifted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Robert W. Baird lifted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.39.

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.