Fonville Wealth Management LLC Buys Shares of 682 McDonald’s Co. (NYSE:MCD)

Fonville Wealth Management LLC bought a new stake in McDonald’s Co. (NYSE:MCD) during the fourth quarter, Holdings Channel reports. The institutional investor bought 682 shares of the fast-food giant’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC grew its stake in McDonald’s by 44.2% in the fourth quarter. Fidelis Capital Partners LLC now owns 6,036 shares of the fast-food giant’s stock valued at $1,790,000 after purchasing an additional 1,849 shares in the last quarter. Western Wealth Management LLC grew its stake in McDonald’s by 0.5% in the fourth quarter. Western Wealth Management LLC now owns 15,579 shares of the fast-food giant’s stock valued at $4,619,000 after purchasing an additional 81 shares in the last quarter. Xponance Inc. grew its stake in McDonald’s by 3.3% in the fourth quarter. Xponance Inc. now owns 133,473 shares of the fast-food giant’s stock valued at $39,576,000 after purchasing an additional 4,231 shares in the last quarter. Flynn Zito Capital Management LLC boosted its stake in shares of McDonald’s by 7.2% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,129 shares of the fast-food giant’s stock worth $335,000 after acquiring an additional 76 shares in the last quarter. Finally, Integral Investment Advisors Inc. boosted its stake in shares of McDonald’s by 6.5% during the 4th quarter. Integral Investment Advisors Inc. now owns 3,247 shares of the fast-food giant’s stock worth $963,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Trading Up 0.4 %

NYSE MCD traded up $1.03 during trading hours on Thursday, reaching $270.98. 3,297,671 shares of the company’s stock were exchanged, compared to its average volume of 3,248,558. The stock has a market cap of $195.38 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The firm has a fifty day moving average of $283.86 and a 200-day moving average of $280.69.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $2.59 EPS. As a group, research analysts forecast that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. McDonald’s’s payout ratio is 57.74%.

Analysts Set New Price Targets

Several analysts have recently issued reports on MCD shares. Robert W. Baird reiterated an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Bank of America upped their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Finally, HSBC started coverage on McDonald’s in a research report on Wednesday, December 20th. They set a “buy” rating and a $317.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the 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 transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

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.