Connecticut Wealth Management LLC Purchases 94 Shares of McDonald’s Co. (NYSE:MCD)

Connecticut Wealth Management LLC lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,416 shares of the fast-food giant’s stock after purchasing an additional 94 shares during the quarter. Connecticut Wealth Management LLC’s holdings in McDonald’s were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new stake in McDonald’s during the fourth quarter worth about $31,000. Blue Bell Private Wealth Management LLC boosted its position in shares of McDonald’s by 51.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in McDonald’s in the third quarter worth $33,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s during the fourth quarter valued at $39,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of McDonald’s in the 4th quarter worth about $43,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MCD has been the topic of several analyst reports. TD Cowen reiterated a “buy” rating and issued a $305.00 target price on shares of McDonald’s in a research note on Tuesday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus decreased their target price on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Citigroup cut their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Nine research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $317.74.

McDonald’s Stock Down 1.1 %

NYSE MCD traded down $2.96 during trading on Friday, hitting $270.32. 2,642,344 shares of the stock traded hands, compared to its average volume of 3,812,742. The company has a market capitalization of $194.90 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The firm has a 50-day simple moving average of $279.53 and a 200-day simple moving average of $282.76.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.63 earnings per share. As a group, research analysts predict that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.47%. McDonald’s’s payout ratio is presently 56.71%.

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.