Wealthcare Capital Partners LLC Makes New $385,000 Investment in McDonald’s Co. (NYSE:MCD)

Wealthcare Capital Partners LLC purchased a new position in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,327 shares of the fast-food giant’s stock, valued at approximately $385,000.

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its position in McDonald’s by 1.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock valued at $765,000 after purchasing an additional 42 shares during the period. Rise Advisors LLC raised its position in McDonald’s by 2.6% in the third quarter. Rise Advisors LLC now owns 2,023 shares of the fast-food giant’s stock worth $616,000 after acquiring an additional 51 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in McDonald’s in the 3rd quarter valued at about $1,472,000. Thurston Springer Miller Herd & Titak Inc. grew its position in McDonald’s by 3.9% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,838 shares of the fast-food giant’s stock worth $2,692,000 after buying an additional 329 shares during the last quarter. Finally, VitalStone Financial LLC boosted its stake in shares of McDonald’s by 148.8% during the 3rd quarter. VitalStone Financial LLC now owns 311 shares of the fast-food giant’s stock worth $95,000 after acquiring an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $308.22 on Tuesday. The stock has a market capitalization of $220.88 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock’s 50-day simple moving average is $290.70 and its 200 day simple moving average is $291.16.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. On average, research analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. McDonald’s’s payout ratio is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of 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 sale 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 firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,406 shares of company stock worth $2,150,857. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler cut their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Morgan Stanley reduced their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price objective on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $319.13.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.