D Orazio & Associates Inc. Grows Position in McDonald’s Co. (NYSE:MCD)

D Orazio & Associates Inc. increased its position in McDonald’s Co. (NYSE:MCD) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,393 shares of the fast-food giant’s stock after purchasing an additional 37 shares during the period. D Orazio & Associates Inc.’s holdings in McDonald’s were worth $694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the third quarter valued at approximately $31,000. Hara Capital LLC purchased a new position in shares of McDonald’s during the third quarter valued at approximately $44,000. Financial Life Planners bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $49,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the 3rd quarter worth approximately $58,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, 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. Over the last ninety days, insiders have sold 7,406 shares of company stock worth $2,150,857. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of a number of recent research reports. Bank of America lifted their price objective on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler lowered their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Truist Financial dropped their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $318.86.

McDonald’s Stock Up 0.0 %

McDonald’s stock opened at $294.39 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market cap of $210.97 billion, a P/E ratio of 25.85, a P/E/G ratio of 4.08 and a beta of 0.74. The business has a 50-day simple moving average of $290.73 and a two-hundred day simple moving average of $290.40.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. McDonald’s’s dividend payout ratio is currently 62.16%.

McDonald’s 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.