McGlone Suttner Wealth Management Inc. Acquires 191 Shares of McDonald’s Co. (NYSE:MCD)

McGlone Suttner Wealth Management Inc. lifted its holdings in McDonald’s Co. (NYSE:MCD) by 4.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,185 shares of the fast-food giant’s stock after acquiring an additional 191 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in McDonald’s were worth $1,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independent Wealth Network Inc. increased its position in McDonald’s by 4.2% during the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after buying an additional 35 shares during the period. Paragon Capital Management Ltd increased its holdings in shares of McDonald’s by 2.7% in the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after purchasing an additional 36 shares during the period. Proquility Private Wealth Partners LLC increased its holdings in shares of McDonald’s by 1.0% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 3,737 shares of the fast-food giant’s stock valued at $985,000 after purchasing an additional 38 shares during the period. Unique Wealth LLC increased its holdings in shares of McDonald’s by 1.2% in the fourth quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock valued at $963,000 after purchasing an additional 38 shares during the period. Finally, STAR Financial Bank increased its holdings in shares of McDonald’s by 1.1% in the second quarter. STAR Financial Bank now owns 3,767 shares of the fast-food giant’s stock valued at $1,124,000 after purchasing an additional 40 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

McDonald’s Price Performance

MCD traded down $0.07 on Thursday, reaching $281.95. The company’s stock had a trading volume of 3,352,361 shares, compared to its average volume of 3,188,335. The stock has a market cap of $203.58 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The business’s 50 day moving average is $290.64 and its 200 day moving average is $280.93.

McDonald’s (NYSE:MCD) last released its 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 for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the business posted $2.59 EPS. McDonald’s’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts forecast that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend 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

A number of analysts recently weighed in on MCD shares. Stifel Nicolaus lifted their price target on McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a research note on Thursday, January 4th. Bank of America boosted their target price on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Citigroup decreased their target price on McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Finally, BMO Capital Markets boosted their target price on McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, December 7th. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $320.60.

McDonald’s Profile

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.