Fidelis Capital Partners LLC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Fidelis Capital Partners LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 44.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,036 shares of the fast-food giant’s stock after buying an additional 1,849 shares during the quarter. Fidelis Capital Partners LLC’s holdings in McDonald’s were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MCD. Independent Wealth Network Inc. raised its holdings in shares of McDonald’s by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after purchasing an additional 35 shares during the period. Paragon Capital Management Ltd raised its holdings in shares of McDonald’s by 2.7% in the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after purchasing an additional 36 shares during the period. Unique Wealth LLC raised its holdings in shares of McDonald’s by 1.2% in the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after purchasing an additional 38 shares during the period. Patron Partners LLC raised its holdings in shares of McDonald’s by 0.7% in the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after purchasing an additional 38 shares during the period. Finally, Wagner Wealth Management LLC raised its holdings in shares of McDonald’s by 4.4% in the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock worth $269,000 after purchasing an additional 38 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD traded up $1.03 during midday trading on Thursday, reaching $270.98. 3,297,671 shares of the company traded hands, compared to its average volume of 3,248,558. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The firm has a market capitalization of $195.38 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. The company has a fifty day moving average price of $283.86 and a 200 day moving average price of $280.69.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the firm posted $2.59 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. McDonald’s’s dividend payout ratio is currently 57.74%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research reports. Citigroup cut their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a report on Tuesday. Royal Bank of Canada dropped their target price on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. HSBC started coverage on McDonald’s in a report on Wednesday, December 20th. They set a “buy” rating and a $317.00 target price on the stock. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Finally, Truist Financial dropped their target price on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Company 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.