McDonald’s Co. (NYSE:MCD) Shares Acquired by Pathway Financial Advisors LLC

Pathway Financial Advisors LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 24.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,967 shares of the fast-food giant’s stock after purchasing an additional 387 shares during the quarter. Pathway Financial Advisors LLC’s holdings in McDonald’s were worth $570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. J.W. Cole Advisors Inc. boosted its holdings in McDonald’s by 0.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 25,610 shares of the fast-food giant’s stock worth $7,424,000 after acquiring an additional 160 shares in the last quarter. Valmark Advisers Inc. boosted its stake in McDonald’s by 3.9% in the 4th quarter. Valmark Advisers Inc. now owns 16,438 shares of the fast-food giant’s stock worth $4,765,000 after purchasing an additional 619 shares in the last quarter. MOKAN Wealth Management Inc. acquired a new stake in McDonald’s in the 4th quarter worth approximately $3,127,000. MN Wealth Advisors LLC increased its stake in McDonald’s by 104.8% during the 4th quarter. MN Wealth Advisors LLC now owns 1,743 shares of the fast-food giant’s stock valued at $505,000 after purchasing an additional 892 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of McDonald’s by 4.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 880 shares of the fast-food giant’s stock worth $255,000 after buying an additional 38 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. TD Securities reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Morgan Stanley increased their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Truist Financial decreased their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $308.59 on Monday. The business has a 50 day simple moving average of $291.98 and a two-hundred day simple moving average of $292.71. The stock has a market capitalization of $221.14 billion, a P/E ratio of 27.09, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates 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 anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed 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. 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 presently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,906 shares of company stock worth $5,406,382. Insiders own 0.23% of the company’s stock.

About McDonald’s

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.