Wealthspire Advisors LLC Increases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Wealthspire Advisors LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,571 shares of the fast-food giant’s stock after acquiring an additional 106 shares during the quarter. Wealthspire Advisors LLC’s holdings in McDonald’s were worth $5,094,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s during the 4th quarter valued at about $27,000. Collier Financial purchased a new position in McDonald’s during the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $31,000. Finally, Marshall Investment Management LLC purchased a new position in McDonald’s during the 4th quarter valued at about $37,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,106 shares of company stock worth $6,382,112 in the last 90 days. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Robert W. Baird increased their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Bank of America increased their price target on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Morgan Stanley increased their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Barclays increased their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $304.76 on Monday. The stock has a market cap of $218.40 billion, a P/E ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.74. The firm has a fifty day moving average price of $292.61 and a 200 day moving average price of $294.10. 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 quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, March 3rd. 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.