McDonald’s Co. (NYSE:MCD) Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its stake in McDonald’s Co. (NYSE:MCD) by 2.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 146,594 shares of the fast-food giant’s stock after purchasing an additional 2,816 shares during the quarter. Kestra Advisory Services LLC’s holdings in McDonald’s were worth $42,496,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Boltwood Capital Management grew its stake in McDonald’s by 1.9% in the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock valued at $546,000 after acquiring an additional 35 shares during the period. Pettee Investors Inc. grew its stake in McDonald’s by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock valued at $1,566,000 after acquiring an additional 35 shares during the period. Modus Advisors LLC grew its stake in McDonald’s by 0.4% in the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after acquiring an additional 36 shares during the period. Independent Wealth Network Inc. boosted its stake in McDonald’s by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after purchasing an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC boosted its stake in McDonald’s by 4.3% during the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.8 %

Shares of MCD opened at $300.00 on Friday. The firm has a market cap of $214.34 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company’s 50-day moving average price is $296.96 and its 200 day moving average price is $296.79.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. Equities research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given 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 dividend yield of 2.36%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Wedbush lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Finally, TD Securities reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

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.