1,123 Shares in McDonald’s Co. (NYSE:MCD) Bought by Access Financial Services Inc.

Access Financial Services Inc. bought a new position in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,123 shares of the fast-food giant’s stock, valued at approximately $333,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in McDonald’s by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after purchasing an additional 262,147 shares in the last quarter. State Street Corp lifted its stake in McDonald’s by 1.4% in the 2nd quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock worth $10,169,018,000 after purchasing an additional 485,066 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in McDonald’s by 106,340.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after purchasing an additional 19,217,818 shares in the last quarter. Northern Trust Corp lifted its stake in McDonald’s by 1.7% in the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after purchasing an additional 151,161 shares in the last quarter. Finally, Norges Bank purchased a new stake in McDonald’s in the 4th quarter worth $2,341,360,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 0.0 %

Shares of MCD opened at $281.95 on Friday. The company has a market cap of $203.58 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The company has a 50 day moving average of $290.64 and a two-hundred day moving average of $280.93.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued 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 dividend yield of 2.37%. McDonald’s’s dividend payout ratio is currently 57.74%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, 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 available at this link. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MCD. Citigroup decreased their target price on shares of McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. TD Cowen restated an “outperform” rating and set a $325.00 target price on shares of McDonald’s in a research report on Tuesday, March 19th. Evercore ISI restated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Wednesday. Truist Financial decreased their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Finally, HSBC started coverage on shares of McDonald’s in a research report on Wednesday, December 20th. They set a “buy” rating and a $317.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $320.60.

McDonald’s Company 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.