Accel Wealth Management Makes New $234,000 Investment in McDonald’s Co. (NYSE:MCD)

Accel Wealth Management purchased a new stake in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 790 shares of the fast-food giant’s stock, valued at approximately $234,000.

Several other large investors have also modified their holdings of MCD. Shulman DeMeo Asset Management LLC lifted its stake in shares of McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares during the period. Beaumont Financial Advisors LLC lifted its stake in shares of McDonald’s by 0.6% during the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after buying an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its stake in shares of McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after buying an additional 301 shares during the period. Mengis Capital Management Inc. lifted its stake in shares of McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after buying an additional 331 shares during the period. Finally, Garden State Investment Advisory Services LLC lifted its stake in shares of McDonald’s by 7.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after buying an additional 88 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. BMO Capital Markets increased their price target on shares of McDonald’s from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. 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 target price on the stock. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, Truist Financial cut their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Eight analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $320.60.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

McDonald’s Stock Down 0.0 %

Shares of MCD traded down $0.07 during mid-day trading on Thursday, reaching $281.95. The company’s stock had a trading volume of 3,370,360 shares, compared to its average volume of 3,188,335. The business has a fifty day moving average of $290.64 and a 200 day moving average of $280.93. The company has a market cap of $203.58 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the company posted $2.59 EPS. McDonald’s’s revenue was up 8.1% on a year-over-year basis. On average, analysts predict that McDonald’s Co. will post 12.38 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is presently 57.74%.

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.