Triad Wealth Partners LLC Takes $281,000 Position in McDonald’s Co. (NYSE:MCD)

Triad Wealth Partners LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 969 shares of the fast-food giant’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of McDonald’s by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after purchasing an additional 220,365 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of McDonald’s by 0.9% during the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after purchasing an additional 128,800 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of McDonald’s by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock valued at $1,682,473,000 after purchasing an additional 52,195 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of McDonald’s by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock valued at $1,650,692,000 after purchasing an additional 129,843 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of McDonald’s by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after purchasing an additional 19,867 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MCD shares. Wedbush upped their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Robert W. Baird upped their price objective on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Piper Sandler reduced their price objective 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. Finally, TD Securities reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The transaction 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 firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly 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. Over the last three months, insiders sold 33,504 shares of company stock valued at $10,206,575. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 0.6 %

NYSE MCD opened at $307.58 on Thursday. The firm has a market cap of $219.75 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business has a 50-day moving average price of $294.82 and a 200-day moving average price of $295.91. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

About McDonald’s

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.