Golden State Wealth Management LLC Takes Position in McDonald’s Co. (NYSE:MCD)

Golden State Wealth Management LLC acquired a new position in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,462 shares of the fast-food giant’s stock, valued at approximately $714,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MCD. Global X Japan Co. Ltd. grew its stake in shares of McDonald’s by 3.6% in the 4th quarter. Global X Japan Co. Ltd. now owns 1,725 shares of the fast-food giant’s stock valued at $500,000 after buying an additional 60 shares during the period. Fairvoy Private Wealth LLC bought a new stake in shares of McDonald’s during the 4th quarter worth $3,046,000. Strategic Financial Concepts LLC lifted its stake in McDonald’s by 26,948.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock valued at $66,023,000 after purchasing an additional 226,910 shares during the last quarter. Leo Wealth LLC boosted its position in McDonald’s by 50.0% during the fourth quarter. Leo Wealth LLC now owns 3,724 shares of the fast-food giant’s stock worth $1,080,000 after purchasing an additional 1,241 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of McDonald’s by 19.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 394 shares of the fast-food giant’s stock worth $114,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $294.39 on Friday. The company has a market capitalization of $210.97 billion, a PE ratio of 25.85, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a fifty day moving average price of $290.73 and a 200-day moving average price of $290.40.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 over the last quarter. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Truist Financial lowered their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Evercore ISI increased their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets raised their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $318.86.

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.