Alpha Omega Wealth Management LLC Has $4.16 Million Position in McDonald’s Co. (NYSE:MCD)

Alpha Omega Wealth Management LLC cut its holdings in McDonald’s Co. (NYSE:MCD) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,034 shares of the fast-food giant’s stock after selling 66 shares during the period. Alpha Omega Wealth Management LLC’s holdings in McDonald’s were worth $4,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MCD. Blue Bell Private Wealth Management LLC raised its holdings in McDonald’s by 51.9% during the third quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in McDonald’s during the 3rd quarter worth $33,000. Keener Financial Planning LLC bought a new position in McDonald’s in the 4th quarter valued at $39,000. Retirement Group LLC bought a new position in McDonald’s during the fourth quarter valued at about $37,000. Finally, Bear Mountain Capital Inc. purchased a new stake in McDonald’s during the fourth quarter worth about $43,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.3 %

McDonald’s stock traded down $0.80 on Wednesday, hitting $265.43. 2,912,853 shares of the stock traded hands, compared to its average volume of 3,207,264. The business’s fifty day simple moving average is $284.21 and its 200 day simple moving average is $280.76. The firm has a market cap of $191.38 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.59 earnings per share. As a group, analysts predict that McDonald’s Co. will post 12.35 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. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Royal Bank of Canada lowered their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Truist Financial decreased their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Stifel Nicolaus cut their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Finally, Citigroup lowered their target price on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $319.72.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

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.