Hemington Wealth Management Has $295,000 Stock Holdings in McDonald’s Co. (NYSE:MCD)

Hemington Wealth Management raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,021 shares of the fast-food giant’s stock after purchasing an additional 53 shares during the period. Hemington Wealth Management’s holdings in McDonald’s were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stanley Laman Group Ltd. boosted its stake in McDonald’s by 24.5% during the 4th quarter. Stanley Laman Group Ltd. now owns 1,722 shares of the fast-food giant’s stock valued at $499,000 after purchasing an additional 339 shares during the last quarter. Park Capital Management LLC WI acquired a new position in McDonald’s during the 4th quarter valued at about $419,000. McClarren Financial Advisors Inc. acquired a new position in McDonald’s during the 4th quarter valued at about $49,000. Fiera Capital Corp boosted its stake in McDonald’s by 3.4% during the 4th quarter. Fiera Capital Corp now owns 115,096 shares of the fast-food giant’s stock valued at $33,365,000 after purchasing an additional 3,748 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its stake in McDonald’s by 0.3% during the 4th quarter. Naples Global Advisors LLC now owns 18,437 shares of the fast-food giant’s stock valued at $5,345,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $307.47 on Thursday. The company has a fifty day moving average price of $291.33 and a 200-day moving average price of $291.97. The firm has a market capitalization of $220.34 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results 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, analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Dividend Announcement

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 given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Wall Street Analyst Weigh In

MCD has been the topic of several recent analyst reports. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Wedbush lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday. TD Cowen reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. BMO Capital Markets lifted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’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 $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock worth $2,150,857 in the last three months. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

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.