Elwood & Goetz Wealth Advisory Group LLC Buys 54 Shares of McDonald’s Co. (NYSE:MCD)

Elwood & Goetz Wealth Advisory Group LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,053 shares of the fast-food giant’s stock after acquiring an additional 54 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in McDonald’s were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of MCD. Covestor Ltd lifted its stake in McDonald’s by 103.4% in the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock worth $102,000 after purchasing an additional 210 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of McDonald’s by 7.7% during the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after buying an additional 5,007 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of McDonald’s by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after buying an additional 23,643 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of McDonald’s during the 1st quarter valued at about $1,108,000. Finally, Equitable Holdings Inc. raised its position in shares of McDonald’s by 59.7% during the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after buying an additional 3,490 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock opened at $281.95 on Friday. The company has a 50-day simple moving average of $290.64 and a 200-day simple moving average of $280.93. The firm has a market capitalization of $203.58 billion, a P/E ratio of 24.37, a P/E/G ratio of 3.05 and a beta of 0.72. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the prior year, the company earned $2.59 EPS. McDonald’s’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.37%. McDonald’s’s payout ratio is presently 57.74%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Evercore ISI reiterated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a report on Wednesday. Piper Sandler upped their price target on shares of McDonald’s from $273.00 to $299.00 and gave the company a “neutral” rating in a report on Monday, December 11th. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Barclays cut their price target on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. Finally, Argus restated a “hold” rating on shares of McDonald’s in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $320.60.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

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.