Maridea Wealth Management LLC Takes Position in McDonald’s Co. (NYSE:MCD)

Maridea Wealth Management LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,520 shares of the fast-food giant’s stock, valued at approximately $441,000.

Other institutional investors have also added to or reduced their stakes in the company. United Bank lifted its stake in McDonald’s by 3.5% in the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after acquiring an additional 218 shares in the last quarter. Cynosure Group LLC acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $216,000. Public Sector Pension Investment Board lifted its position in shares of McDonald’s by 11.6% in the third quarter. Public Sector Pension Investment Board now owns 30,844 shares of the fast-food giant’s stock worth $9,392,000 after purchasing an additional 3,200 shares in the last quarter. Fred Alger Management LLC boosted its holdings in McDonald’s by 4.4% during the third quarter. Fred Alger Management LLC now owns 18,331 shares of the fast-food giant’s stock worth $5,582,000 after purchasing an additional 776 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after purchasing an additional 677,139 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Price Performance

MCD stock opened at $306.95 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $219.31 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.10 and a beta of 0.71. The business’s fifty day moving average price is $301.52 and its two-hundred day moving average price is $298.15.

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

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.31%. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,405 shares of company stock valued at $9,886,656 over the last 90 days. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. KeyCorp boosted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Securities reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Robert W. Baird raised their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Piper Sandler dropped their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s 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.