McDonald’s Corporation $MCD Shares Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lifted its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 17.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,524 shares of the fast-food giant’s stock after purchasing an additional 1,751 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in McDonald’s were worth $3,522,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Evergreen Private Wealth LLC raised its holdings in McDonald’s by 162.5% in the third quarter. Evergreen Private Wealth LLC now owns 84 shares of the fast-food giant’s stock valued at $26,000 after acquiring an additional 52 shares in the last quarter. Park Place Capital Corp raised its holdings in McDonald’s by 95.7% in the fourth quarter. Park Place Capital Corp now owns 92 shares of the fast-food giant’s stock valued at $28,000 after acquiring an additional 45 shares in the last quarter. Painted Porch Advisors LLC raised its holdings in McDonald’s by 735.7% in the third quarter. Painted Porch Advisors LLC now owns 117 shares of the fast-food giant’s stock valued at $36,000 after acquiring an additional 103 shares in the last quarter. Davis Capital Management acquired a new stake in McDonald’s in the third quarter valued at approximately $37,000. Finally, Saranac Partners Ltd acquired a new stake in McDonald’s in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $309.85 on Tuesday. The stock’s 50-day moving average is $321.78 and its two-hundred day moving average is $311.67. The firm has a market cap of $220.12 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.73 and a beta of 0.53. McDonald’s Corporation has a 1 year low of $283.47 and a 1 year high of $341.75.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.05 by $0.07. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.81 billion. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.83 earnings per share. As a group, research analysts predict that McDonald’s Corporation will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were paid a dividend of $1.86 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.4%. McDonald’s’s dividend payout ratio is currently 62.26%.

Wall Street Analysts Forecast Growth

MCD has been the topic of several analyst reports. Wells Fargo & Company raised their target price on shares of McDonald’s from $345.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Barclays raised their price objective on shares of McDonald’s from $372.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Jefferies Financial Group raised their price objective on shares of McDonald’s from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Sanford C. Bernstein reissued a “market perform” rating and set a $340.00 price objective on shares of McDonald’s in a report on Thursday, February 12th. Finally, TD Cowen reissued a “hold” rating and set a $320.00 price objective on shares of McDonald’s in a report on Thursday, February 12th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $339.69.

Check Out Our Latest Stock Analysis on MCD

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

Insider Buying and Selling at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 26,276 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $333.54, for a total transaction of $8,764,097.04. Following the completion of the sale, the chief executive officer owned 22,900 shares in the company, valued at $7,638,066. This represents a 53.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Banner sold 6,201 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the sale, the executive vice president owned 2,291 shares of the company’s stock, valued at approximately $763,567.39. This represents a 73.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,657 shares of company stock worth $23,722,204 in the last quarter. 0.25% of the stock is currently owned by company insiders.

About McDonald’s

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Further Reading

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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