McDonald’s Co. (NYSE:MCD) Stock Position Boosted by Facet Wealth Inc.

Facet Wealth Inc. boosted its stake in McDonald’s Co. (NYSE:MCD) by 7.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 884 shares of the fast-food giant’s stock after buying an additional 64 shares during the period. Facet Wealth Inc.’s holdings in McDonald’s were worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. United Bank boosted its position in shares of McDonald’s by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after purchasing an additional 218 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of McDonald’s by 1.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 14,413 shares of the fast-food giant’s stock valued at $4,389,000 after purchasing an additional 272 shares in the last quarter. Curi RMB Capital LLC boosted its position in shares of McDonald’s by 22.6% during the 3rd quarter. Curi RMB Capital LLC now owns 8,172 shares of the fast-food giant’s stock valued at $2,489,000 after purchasing an additional 1,509 shares in the last quarter. Northcape Wealth Management LLC boosted its position in shares of McDonald’s by 1.8% during the 3rd quarter. Northcape Wealth Management LLC now owns 9,694 shares of the fast-food giant’s stock valued at $2,952,000 after purchasing an additional 171 shares in the last quarter. Finally, Koa Wealth Management LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at about $202,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCD. Citigroup raised their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Barclays upped their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Wedbush upped their price objective 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. Robert W. Baird upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley upped their price objective on shares of McDonald’s from $336.00 to $340.00 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Performance

NYSE:MCD opened at $300.00 on Friday. The stock’s 50 day moving average price is $296.96 and its 200 day moving average price is $296.84. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market capitalization of $214.34 billion, a P/E ratio of 26.34, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.36%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 over the last 90 days. 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.