Tyche Wealth Partners LLC Purchases Shares of 11,573 McDonald’s Co. (NYSE:MCD)

Tyche Wealth Partners LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,573 shares of the fast-food giant’s stock, valued at approximately $3,432,000. McDonald’s comprises 0.8% of Tyche Wealth Partners LLC’s portfolio, making the stock its 26th largest position.

A number of other institutional investors have also made changes to their positions in MCD. Shulman DeMeo Asset Management LLC boosted its stake in shares of McDonald’s by 12.2% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after purchasing an additional 114 shares during the period. Beaumont Financial Advisors LLC boosted its stake in shares of McDonald’s by 0.6% in the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after purchasing an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of McDonald’s by 2.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares during the period. Mengis Capital Management Inc. lifted its stake in McDonald’s by 7.9% in the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after acquiring an additional 331 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its stake in McDonald’s by 7.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after acquiring an additional 88 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

McDonald’s Stock Performance

MCD traded down $0.86 during trading on Tuesday, hitting $265.37. The stock had a trading volume of 2,912,505 shares, compared to its average volume of 3,243,292. The firm has a market capitalization of $191.33 billion, a P/E ratio of 23.01, a PEG ratio of 2.89 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The company’s 50-day moving average price is $284.60 and its 200 day moving average price is $280.75.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.59 EPS. As a group, equities analysts expect that McDonald’s Co. will post 12.35 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.52%. McDonald’s’s payout ratio is currently 57.74%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MCD shares. Truist Financial decreased their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Citigroup decreased their price target on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research note on Tuesday. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research note on Wednesday, March 27th. Finally, Stifel Nicolaus reduced their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $319.72.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.