Strong Tower Advisory Services Buys 129 Shares of McDonald’s Co. (NYSE:MCD)

Strong Tower Advisory Services grew its stake in McDonald’s Co. (NYSE:MCD) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,450 shares of the fast-food giant’s stock after acquiring an additional 129 shares during the quarter. Strong Tower Advisory Services’ holdings in McDonald’s were worth $1,023,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MCD. Blue Bell Private Wealth Management LLC grew its stake in shares of McDonald’s by 51.9% in 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 purchasing an additional 42 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $33,000. Retirement Group LLC bought a new stake in McDonald’s during the 4th quarter worth approximately $37,000. Authentikos Wealth Advisory LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $45,000. Finally, Compass Wealth Management LLC bought a new stake in McDonald’s during the 4th quarter worth approximately $45,000. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MCD shares. 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. Barclays decreased their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Wedbush restated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research report on Tuesday, February 6th. TD Cowen restated an “outperform” rating and set a $325.00 price target on shares of McDonald’s in a research report on Tuesday, March 19th. Finally, StockNews.com lowered McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.60.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was 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 of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by company insiders.

McDonald’s Stock Down 0.0 %

MCD stock opened at $281.95 on Friday. The business’s fifty day moving average is $290.64 and its 200-day moving average is $280.93. The company has a market cap 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.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate 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 revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.59 EPS. Research analysts anticipate that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.37%. The ex-dividend date was Thursday, February 29th. McDonald’s’s 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.