Threadgill Financial LLC Raises Holdings in McDonald’s Co. (NYSE:MCD)

Threadgill Financial LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,508 shares of the fast-food giant’s stock after buying an additional 42 shares during the quarter. Threadgill Financial LLC’s holdings in McDonald’s were worth $744,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC grew its position in shares of McDonald’s by 51.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of McDonald’s in the third quarter valued at approximately $33,000. Retirement Group LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $37,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter valued at approximately $45,000. Finally, Compass Wealth Management LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Royal Bank of Canada decreased their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. BMO Capital Markets lifted their price target on McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, December 7th. Finally, StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $320.60.

McDonald’s Trading Up 1.2 %

Shares of NYSE MCD opened at $282.02 on Thursday. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market cap of $203.63 billion, a P/E ratio of 24.38, a P/E/G ratio of 3.01 and a beta of 0.72. The stock has a fifty day moving average price of $290.82 and a 200 day moving average price of $280.92.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the company posted $2.59 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that McDonald’s Co. will post 12.38 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.37%. McDonald’s’s payout ratio is 57.74%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s 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 owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.27% of the stock is currently owned by corporate insiders.

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.