Strategic Advisors LLC Raises Holdings in McDonald’s Co. (NYSE:MCD)

Strategic Advisors LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,177 shares of the fast-food giant’s stock after purchasing an additional 128 shares during the period. Strategic Advisors LLC’s holdings in McDonald’s were worth $631,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s in the 4th quarter worth $27,000. Collier Financial purchased a new position in shares of McDonald’s in the 4th quarter worth $29,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s in the 3rd quarter worth $31,000. Finally, Hara Capital LLC purchased a new position in shares of McDonald’s in the 3rd quarter worth $44,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % 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, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,906 shares of company stock worth $5,406,382. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MCD shares. Wells Fargo & Company raised their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. TD Cowen reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. BMO Capital Markets raised their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Bank of America raised their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Trading Down 0.5 %

Shares of MCD stock opened at $308.59 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock’s 50-day moving average price is $291.98 and its 200-day moving average price is $292.71. The stock has a market capitalization of $221.14 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.29%. McDonald’s’s dividend payout ratio is currently 62.16%.

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, Spain, and the U.K.