Gladstone Institutional Advisory LLC Has $5.59 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Gladstone Institutional Advisory LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,268 shares of the fast-food giant’s stock after buying an additional 1,133 shares during the period. Gladstone Institutional Advisory LLC’s holdings in McDonald’s were worth $5,586,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Kennebec Savings Bank acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $1,394,000. YANKCOM Partnership bought a new stake in shares of McDonald’s during the fourth quarter worth $1,628,000. Charles Schwab Investment Management Inc. grew its stake in shares of McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of McDonald’s by 6.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after buying an additional 2,997 shares in the last quarter. Finally, PFW Advisors LLC bought a new position in shares of McDonald’s in the 4th quarter valued at $2,471,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.6 %

MCD opened at $310.16 on Wednesday. The company has a market cap of $222.27 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The company has a fifty day moving average price of $291.02 and a two-hundred day moving average price of $291.56. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Truist Financial reduced their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley boosted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday. Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Finally, Evercore ISI raised their target price on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Company Profile

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.