Riversedge Advisors LLC Purchases 306 Shares of McDonald’s Co. (NYSE:MCD)

Riversedge Advisors LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,937 shares of the fast-food giant’s stock after buying an additional 306 shares during the quarter. Riversedge Advisors LLC’s holdings in McDonald’s were worth $574,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC lifted its holdings in McDonald’s by 51.9% during the 3rd 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 during the last quarter. Spartan Planning & Wealth Management bought a new position in McDonald’s in the 3rd quarter valued at about $33,000. Retirement Group LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $37,000. Authentikos Wealth Advisory LLC bought a new position in shares of McDonald’s during the third quarter worth approximately $45,000. Finally, Compass Wealth Management LLC acquired a new stake in McDonald’s during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s 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 owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Stifel Nicolaus upped their price objective on McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a report on Thursday, January 4th. Piper Sandler raised their price target on shares of McDonald’s from $273.00 to $299.00 and gave the stock a “neutral” rating in a research report on Monday, December 11th. HSBC assumed coverage on shares of McDonald’s in a research note on Wednesday, December 20th. They issued a “buy” rating and a $317.00 price objective for the company. BMO Capital Markets increased their target price on shares of McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, December 7th. Finally, Stephens reaffirmed an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a report on Monday, February 5th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.10.

McDonald’s Stock Performance

Shares of MCD opened at $278.62 on Wednesday. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The stock has a 50 day moving average price of $291.07 and a two-hundred day moving average price of $280.92. The firm has a market capitalization of $201.18 billion, a P/E ratio of 24.08, a P/E/G ratio of 3.01 and a beta of 0.72.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the company posted $2.59 earnings per share. McDonald’s’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that McDonald’s Co. will post 12.38 earnings per share 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 paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

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.