Briaud Financial Planning Inc Has $95,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Briaud Financial Planning Inc raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 73.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 330 shares of the fast-food giant’s stock after purchasing an additional 140 shares during the quarter. Briaud Financial Planning Inc’s holdings in McDonald’s were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cornerstone Advisors LLC boosted its holdings in McDonald’s by 5.3% during the fourth quarter. Cornerstone Advisors LLC now owns 31,600 shares of the fast-food giant’s stock valued at $9,161,000 after purchasing an additional 1,600 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in McDonald’s by 4.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 26,249 shares of the fast-food giant’s stock valued at $7,609,000 after purchasing an additional 1,046 shares in the last quarter. Sage Mountain Advisors LLC boosted its holdings in McDonald’s by 16.2% during the fourth quarter. Sage Mountain Advisors LLC now owns 4,490 shares of the fast-food giant’s stock valued at $1,302,000 after purchasing an additional 626 shares in the last quarter. Riverbend Wealth Management LLC bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $523,000. Finally, Clare Market Investments LLC bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $502,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research analyst reports. TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Piper Sandler cut their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Wedbush lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, KeyCorp lifted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $316.94 on Tuesday. The firm has a fifty day moving average of $296.24 and a two-hundred day moving average of $296.56. The stock has a market capitalization of $226.44 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

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 the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly 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. Insiders sold 33,504 shares of company stock valued at $10,206,575 in the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s 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.