Leo Wealth LLC Buys New Shares in McDonald’s Co. (NYSE:MCD)

Leo Wealth LLC bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,355 shares of the fast-food giant’s stock, valued at approximately $993,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MCD. Signature Resources Capital Management LLC acquired a new stake in McDonald’s during the fourth quarter valued at approximately $31,000. Spartan Planning & Wealth Management purchased a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $33,000. Clear Investment Research LLC purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $38,000. Keener Financial Planning LLC purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $39,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.0 %

MCD opened at $253.51 on Tuesday. The company’s 50 day moving average is $265.62 and its 200-day moving average is $281.12. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The company has a market cap of $182.70 billion, a P/E ratio of 21.52, a PEG ratio of 2.86 and a beta of 0.72.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the previous year, the business posted $2.63 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts forecast that McDonald’s Co. will post 12.17 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.64%. McDonald’s’s payout ratio is currently 56.71%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total transaction of $291,377.87. Following the sale, the insider now directly owns 15,878 shares in the company, valued at approximately $4,209,734.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the sale, the executive vice president now owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders have sold a total of 4,096 shares of company stock worth $1,127,678 in the last ninety days. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. UBS Group dropped their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. KeyCorp lowered their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley lowered their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. 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 research note on Tuesday, April 16th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $315.14.

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.