Paladin Wealth LLC Has $803,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Paladin Wealth LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,769 shares of the fast-food giant’s stock after buying an additional 94 shares during the quarter. Paladin Wealth LLC’s holdings in McDonald’s were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MCD. Exchange Traded Concepts LLC grew its stake in McDonald’s by 1.7% in the third quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock valued at $765,000 after purchasing an additional 42 shares in the last quarter. Rise Advisors LLC increased its holdings in McDonald’s by 2.6% in the third quarter. Rise Advisors LLC now owns 2,023 shares of the fast-food giant’s stock worth $616,000 after buying an additional 51 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in McDonald’s during the third quarter valued at approximately $1,472,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in McDonald’s by 3.9% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,838 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 329 shares during the last quarter. Finally, VitalStone Financial LLC grew its position in McDonald’s by 148.8% in the third quarter. VitalStone Financial LLC now owns 311 shares of the fast-food giant’s stock worth $95,000 after acquiring an additional 186 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCD has been the subject of several analyst reports. Evercore ISI lifted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Piper Sandler reduced their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. TD Securities reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Monday. Truist Financial reduced their target price on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $319.13.

McDonald’s Price Performance

MCD opened at $308.22 on Tuesday. The company has a market capitalization of $220.88 billion, a P/E ratio of 27.06, a P/E/G ratio of 4.08 and a beta of 0.74. The firm’s fifty day moving average price is $290.70 and its two-hundred day moving average price is $291.16. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. On average, equities research analysts expect that McDonald’s Co. will post 11.73 EPS for the current fiscal 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 issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s payout ratio is presently 62.16%.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, 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 have sold a total of 7,406 shares of company stock valued at $2,150,857 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company 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, Russia, Spain, and the U.K.