Integrated Wealth Concepts LLC Acquires 6,741 Shares of McDonald's Co. (NYSE:MCD)

Integrated Wealth Concepts LLC lifted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,437 shares of the fast-food giant's stock after buying an additional 6,741 shares during the period. Integrated Wealth Concepts LLC's holdings in McDonald's were worth $13,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCD. Norges Bank bought a new stake in McDonald's in the fourth quarter valued at $2,725,190,000. Raymond James Financial Inc. bought a new stake in shares of McDonald's during the 4th quarter valued at about $703,074,000. Franklin Resources Inc. increased its position in shares of McDonald's by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after buying an additional 794,536 shares during the period. APG Asset Management N.V. raised its stake in McDonald's by 1,547.1% in the fourth quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock worth $179,715,000 after buying an additional 602,976 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in McDonald's by 43,591.6% in the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock worth $171,241,000 after buying an additional 589,359 shares during the period. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD traded up $0.38 during trading on Friday, hitting $316.60. The company's stock had a trading volume of 2,282,688 shares, compared to its average volume of 3,573,333. The company has a 50-day moving average of $308.18 and a 200-day moving average of $299.78. The firm has a market cap of $226.20 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) 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 analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Analysts Set New Price Targets

MCD has been the subject of several research reports. Truist Financial decreased their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Robert W. Baird lowered their price objective on McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. KeyCorp upped their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday. Finally, Piper Sandler cut their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $322.74.

Insider Buying and Selling

In other McDonald's 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 completion of the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the sale, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,136 shares of company stock valued at $8,676,247. 0.25% of the stock is owned by corporate 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.