Crescent Grove Advisors LLC Buys 222 Shares of McDonald’s Co. (NYSE:MCD)

Posted by Defense World Staff on Mar 22nd, 2023

Crescent Grove Advisors LLC boosted its stake in McDonald’s Co. (NYSE:MCD – Get Rating) by 21.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,252 shares of the fast-food giant’s stock after acquiring an additional 222 shares during the period. Crescent Grove Advisors LLC’s holdings in McDonald’s were worth $330,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gill Capital Partners LLC purchased a new position in McDonald’s in the fourth quarter valued at approximately $214,000. Heartwood Wealth Advisors LLC lifted its position in shares of McDonald’s by 28.4% during the 4th quarter. Heartwood Wealth Advisors LLC now owns 3,287 shares of the fast-food giant’s stock valued at $866,000 after buying an additional 727 shares during the last quarter. OneAscent Wealth Management LLC lifted its position in shares of McDonald’s by 23.0% during the 4th quarter. OneAscent Wealth Management LLC now owns 2,202 shares of the fast-food giant’s stock valued at $580,000 after buying an additional 412 shares during the last quarter. Peak Financial Advisors LLC bought a new position in shares of McDonald’s during the 4th quarter worth $1,102,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in McDonald’s by 6.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 7,427 shares of the fast-food giant’s stock worth $1,957,000 after acquiring an additional 447 shares during the last quarter. 66.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of McDonald’s from $250.00 to $262.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 18th. Jefferies Financial Group lifted their price objective on shares of McDonald’s from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, December 21st. Deutsche Bank Aktiengesellschaft increased their target price on McDonald’s from $263.00 to $277.00 in a research report on Wednesday, February 1st. Stephens reiterated an “overweight” rating and issued a $280.00 price target on shares of McDonald’s in a research report on Wednesday, February 1st. Finally, Stifel Nicolaus boosted their price objective on McDonald’s from $260.00 to $270.00 and gave the company a “hold” rating in a research note on Monday, January 30th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.80.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,396 shares of McDonald’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $265.44, for a total value of $370,554.24. Following the transaction, the executive vice president now owns 308 shares in the company, valued at approximately $81,755.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other McDonald’s news, CEO Christopher J. Kempczinski sold 3,850 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $267.69, for a total value of $1,030,606.50. Following the completion of the sale, the chief executive officer now owns 34,637 shares in the company, valued at $9,271,978.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,396 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $265.44, for a total transaction of $370,554.24. Following the completion of the transaction, the executive vice president now owns 308 shares in the company, valued at approximately $81,755.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,122 shares of company stock worth $2,177,681. 0.18% of the stock is currently owned by insiders.

McDonald’s Stock Down 0.2 %

MCD opened at $270.21 on Wednesday. The business’s fifty day simple moving average is $267.24 and its 200 day simple moving average is $263.20. McDonald’s Co. has a 52 week low of $228.34 and a 52 week high of $281.67. The stock has a market cap of $197.66 billion, a PE ratio of 32.36, a P/E/G ratio of 3.15 and a beta of 0.62.

McDonald’s (NYSE:MCD – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The fast-food giant reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s had a negative return on equity of 120.10% and a net margin of 26.65%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.23 EPS. As a group, equities analysts anticipate that McDonald’s Co. will post 10.51 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were paid a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Tuesday, February 28th. McDonald’s’s dividend payout ratio (DPR) is presently 72.81%.

About McDonald’s

(Get Rating)

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, Russia, Spain, and the U.K.