2,015 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Planned Solutions Inc.

Planned Solutions Inc. purchased a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, Holdings Channel reports. The fund purchased 2,015 shares of the fast-food giant’s stock, valued at approximately $597,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shulman DeMeo Asset Management LLC boosted its holdings in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after buying an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC lifted its holdings in McDonald’s by 0.6% during the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after purchasing an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its holdings in McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after purchasing an additional 301 shares during the last quarter. Mengis Capital Management Inc. lifted its holdings in McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after purchasing an additional 331 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its holdings in McDonald’s by 7.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after purchasing an additional 88 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

NYSE:MCD opened at $282.02 on Thursday. The firm has a market cap of $203.63 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The business has a 50 day moving average price of $290.82 and a 200-day moving average price of $280.92.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the firm posted $2.59 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Research analysts predict that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MCD. Stephens reaffirmed an “overweight” rating and set a $320.00 price objective on shares of McDonald’s in a report on Monday, February 5th. Evercore ISI reaffirmed an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Wednesday. Truist Financial dropped their price objective on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Barclays decreased their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. Eight analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $320.60.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.