Maridea Wealth Management LLC Makes New $441,000 Investment in McDonald’s Co. (NYSE:MCD)

Maridea Wealth Management LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,520 shares of the fast-food giant’s stock, valued at approximately $441,000.

Several other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the third quarter valued at about $25,000. Atala Financial Inc acquired a new stake in McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial bought a new position in shares of McDonald’s during the fourth quarter valued at $29,000. Finally, Fairway Wealth LLC lifted its holdings in shares of McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Piper Sandler lowered their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Citigroup raised their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. KeyCorp upped their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday. Truist Financial decreased their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $306.95 on Friday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company’s 50-day moving average is $301.52 and its 200 day moving average is $298.15. The company has a market capitalization of $219.31 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. McDonald’s’s payout ratio is presently 62.16%.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,405 shares of company stock valued at $9,886,656 in the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s 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, Spain, and the U.K.