Crowley Wealth Management Inc. Makes New Investment in McDonald’s Co. (NYSE:MCD)

Crowley Wealth Management Inc. acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,565 shares of the fast-food giant’s stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the 3rd quarter worth $25,000. Atala Financial Inc acquired a new stake in McDonald’s during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s during the fourth quarter valued at about $27,000. Collier Financial acquired a new position in McDonald’s in the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC lifted its position in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The shares were 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 directly owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MCD. TD Securities restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. KeyCorp increased their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Piper Sandler decreased their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley decreased their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.39.

McDonald’s Stock Down 0.6 %

MCD stock opened at $305.07 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a market cap of $217.96 billion, a P/E ratio of 26.78, a PEG ratio of 3.10 and a beta of 0.71. The business has a fifty day moving average of $298.75 and a 200-day moving average of $297.46.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

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, Spain, and the U.K.