Kestra Advisory Services LLC Purchases 800 Shares of McDonald’s Co. (NYSE:MCD)

Kestra Advisory Services LLC increased its stake in McDonald’s Co. (NYSE:MCDFree Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 116,198 shares of the fast-food giant’s stock after purchasing an additional 800 shares during the quarter. Kestra Advisory Services LLC’s holdings in McDonald’s were worth $34,454,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MCD. Roffman Miller Associates Inc. PA grew its position in McDonald’s by 1.7% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock worth $46,179,000 after buying an additional 2,546 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its position in McDonald’s by 12.2% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after buying an additional 114 shares in the last quarter. Aigen Investment Management LP purchased a new position in McDonald’s during the fourth quarter worth about $4,286,000. Strait & Sound Wealth Management LLC purchased a new position in McDonald’s during the fourth quarter worth about $211,000. Finally, First National Bank of Mount Dora Trust Investment Services grew its position in McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after buying an additional 301 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.5 %

MCD traded up $1.37 during trading on Wednesday, hitting $255.65. 1,082,157 shares of the company’s stock traded hands, compared to its average volume of 3,334,738. The company’s 50 day simple moving average is $266.92 and its two-hundred day simple moving average is $281.90. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The stock has a market capitalization of $184.24 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.86 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.63 earnings per share. On average, equities analysts expect that McDonald’s Co. will post 12.17 EPS for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.61%. McDonald’s’s payout ratio is 56.71%.

Analysts Set New Price Targets

Several research firms recently commented on MCD. Wedbush reduced their target price on McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. BMO Capital Markets lowered their target price on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Truist Financial lowered their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Citigroup lowered their price target on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Finally, TD Cowen reaffirmed a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research report on Monday, May 20th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $316.15.

Read Our Latest Stock Report on McDonald’s

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total transaction of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $265.13, for a total value of $291,377.87. Following the transaction, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares in the company, valued at $5,225.38. The disclosure for this sale can be found here. Insiders have sold 4,096 shares of company stock valued at $1,127,678 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

About McDonald’s

(Free Report)

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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