Access Financial Services Inc. Buys New Stake in McDonald’s Co. (NYSE:MCD)

Access Financial Services Inc. bought a new stake in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,123 shares of the fast-food giant’s stock, valued at approximately $333,000.

Other hedge funds have also recently modified their holdings of the company. Values Added Financial LLC grew its position in McDonald’s by 27.8% during the 4th quarter. Values Added Financial LLC now owns 1,278 shares of the fast-food giant’s stock worth $379,000 after purchasing an additional 278 shares during the last quarter. Strong Tower Advisory Services grew its position in McDonald’s by 3.9% during the 4th quarter. Strong Tower Advisory Services now owns 3,450 shares of the fast-food giant’s stock worth $1,023,000 after purchasing an additional 129 shares during the last quarter. Francis Financial Inc. grew its position in McDonald’s by 5.5% during the 4th quarter. Francis Financial Inc. now owns 1,068 shares of the fast-food giant’s stock worth $317,000 after purchasing an additional 56 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its position in McDonald’s by 5.4% during the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,053 shares of the fast-food giant’s stock worth $312,000 after purchasing an additional 54 shares during the last quarter. Finally, Ballast Inc. grew its position in McDonald’s by 10.4% during the 4th quarter. Ballast Inc. now owns 2,381 shares of the fast-food giant’s stock worth $706,000 after purchasing an additional 225 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

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

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. Piper Sandler raised their target price on shares of McDonald’s from $273.00 to $299.00 and gave the stock a “neutral” rating in a research note on Monday, December 11th. Royal Bank of Canada reduced their target price on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Bank of America raised their target price on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Stephens restated an “overweight” rating and issued a $320.00 target price on shares of McDonald’s in a research note on Monday, February 5th. Finally, BMO Capital Markets raised their target price 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. Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $320.60.

McDonald’s Trading Down 0.0 %

NYSE:MCD opened at $281.95 on Friday. The company has a market capitalization of $203.58 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm has a 50-day moving average price of $290.64 and a two-hundred day moving average price of $280.93.

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

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.37%. McDonald’s’s dividend payout ratio (DPR) 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.