Ritholtz Wealth Management Has $4.40 Million Position in McDonald’s Co. (NYSE:MCD)

Ritholtz Wealth Management lessened its position in McDonald’s Co. (NYSE:MCD) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,836 shares of the fast-food giant’s stock after selling 1,948 shares during the period. Ritholtz Wealth Management’s holdings in McDonald’s were worth $4,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Blue Bell Private Wealth Management LLC grew its position 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 buying an additional 42 shares during the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $33,000. Retirement Group LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $37,000. Authentikos Wealth Advisory LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $45,000. Finally, Compass Wealth Management LLC bought a new stake in shares of McDonald’s in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.0 %

Shares of McDonald’s stock opened at $281.95 on Friday. The company has a market cap of $203.58 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The business has a 50 day moving average price of $290.64 and a 200-day moving average price of $280.93.

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 firm had revenue of $6.41 billion during 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 company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.59 earnings per share. As a group, research analysts anticipate that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 57.74%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets upped their price target on McDonald’s from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Barclays reduced 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. Evercore ISI restated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Wednesday. Stephens restated an “overweight” rating and set a $320.00 target price on shares of McDonald’s in a research report on Monday, February 5th. Finally, Truist Financial cut their target price on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Eight analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $320.60.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by company insiders.

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.