VSM Wealth Advisory LLC Purchases Shares of 1,199 McDonald’s Co. (NYSE:MCD)

VSM Wealth Advisory LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,199 shares of the fast-food giant’s stock, valued at approximately $348,000.

Several other institutional investors have also added to or reduced their stakes in the company. United Bank lifted its stake in shares of 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 purchasing an additional 218 shares during the last quarter. Quest Partners LLC lifted its stake in shares of McDonald’s by 233.8% in the 3rd quarter. Quest Partners LLC now owns 1,552 shares of the fast-food giant’s stock valued at $473,000 after purchasing an additional 1,087 shares during the last quarter. OneAscent Wealth Management LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $370,000. Baron Wealth Management LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $477,000. Finally, Windle Wealth LLC lifted its stake in shares of McDonald’s by 5.1% in the 3rd quarter. Windle Wealth LLC now owns 24,384 shares of the fast-food giant’s stock valued at $7,425,000 after purchasing an additional 1,178 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $303.60 on Wednesday. The business’s 50-day moving average is $297.49 and its 200 day moving average is $297.13. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm has a market capitalization of $216.91 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday. Piper Sandler lowered their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Robert W. Baird raised their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Wedbush raised their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Securities reissued a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $323.39.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.