Nadler Financial Group Inc. Increases Position in McDonald’s Co. (NYSE:MCD)

Nadler Financial Group Inc. increased its stake in McDonald’s Co. (NYSE:MCD) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,369 shares of the fast-food giant’s stock after purchasing an additional 147 shares during the quarter. Nadler Financial Group Inc.’s holdings in McDonald’s were worth $1,295,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC raised its holdings in McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new position in shares of McDonald’s in the third quarter worth $33,000. Keener Financial Planning LLC bought a new position in shares of McDonald’s in the fourth quarter worth $39,000. Bear Mountain Capital Inc. bought a new position in shares of McDonald’s in the fourth quarter worth $43,000. Finally, Mendota Financial Group LLC bought a new position in shares of McDonald’s in the fourth quarter worth $50,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research analyst reports. Truist Financial decreased their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Barclays cut their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, Robert W. Baird restated an “outperform” rating and set a $315.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $319.72.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD traded up $0.23 during trading on Friday, reaching $275.83. 1,791,626 shares of the stock traded hands, compared to its average volume of 3,246,032. The stock has a 50-day moving average of $282.06 and a two-hundred day moving average of $281.37. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The stock has a market cap of $198.88 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 3.02 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) 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 company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the company posted $2.59 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts expect that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is presently 57.74%.

About McDonald’s

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.