Optivise Advisory Services LLC Acquires Shares of 771 McDonald’s Co. (NYSE:MCD)

Optivise Advisory Services LLC bought a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 771 shares of the fast-food giant’s stock, valued at approximately $224,000.

A number of other institutional investors also recently modified their holdings of MCD. Atala Financial Inc acquired a new stake in McDonald’s during the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s during the 4th quarter worth about $27,000. Collier Financial purchased a new stake in shares of McDonald’s during the 4th quarter worth about $29,000. Fairway Wealth LLC lifted its holdings in shares of McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in McDonald’s in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MCD shares. Piper Sandler reduced 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. 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 report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Wedbush raised their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Barclays upped their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $322.87.

McDonald’s Trading Up 0.6 %

Shares of MCD stock opened at $310.82 on Monday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a market capitalization of $222.07 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62. The stock has a 50 day moving average of $307.38 and a two-hundred day moving average of $299.29.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock valued at $8,461,400 over the last quarter. 0.23% of the stock is owned by company insiders.

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.