Bradley & Co. Private Wealth Management LLC Invests $213,000 in McDonald’s Co. (NYSE:MCD)

Bradley & Co. Private Wealth Management LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 734 shares of the fast-food giant’s stock, valued at approximately $213,000.

Several other hedge funds also recently modified their holdings of MCD. Mattern Capital Management LLC boosted its stake in shares of McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank raised its holdings in McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after buying an additional 371 shares during the last quarter. Kennebec Savings Bank acquired a new stake in McDonald’s during the 3rd quarter worth approximately $1,394,000. YANKCOM Partnership bought a new stake in McDonald’s during the 4th quarter worth approximately $1,628,000. Finally, Charles Schwab Investment Management Inc. increased its position in McDonald’s by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,504 shares of company stock worth $9,897,305 in the last ninety days. 0.23% of the stock is currently owned by insiders.

McDonald’s Price Performance

Shares of MCD stock opened at $310.84 on Wednesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company’s fifty day simple moving average is $293.10 and its two-hundred day simple moving average is $294.65. The stock has a market capitalization of $222.75 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.10 and a beta of 0.74.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Piper Sandler cut their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Citigroup increased their price target on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird lifted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets upped their target price on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Company 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.