McDonald's Co. (NYSE:MCD) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,247,378 shares of the fast-food giant's stock after buying an additional 73,519 shares during the quarter. LPL Financial LLC owned about 0.17% of McDonald's worth $361,602,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MCD. United Bank raised its holdings in McDonald's by 3.5% during the third quarter. United Bank now owns 6,446 shares of the fast-food giant's stock worth $1,963,000 after purchasing an additional 218 shares in the last quarter. Quest Partners LLC raised its stake in shares of McDonald's by 233.8% during the 3rd quarter. Quest Partners LLC now owns 1,552 shares of the fast-food giant's stock worth $473,000 after buying an additional 1,087 shares in the last quarter. Certified Advisory Corp raised its stake in shares of McDonald's by 20.9% during the 3rd quarter. Certified Advisory Corp now owns 1,493 shares of the fast-food giant's stock worth $455,000 after buying an additional 258 shares in the last quarter. StoneX Group Inc. lifted its holdings in shares of McDonald's by 5.4% in the 3rd quarter. StoneX Group Inc. now owns 14,106 shares of the fast-food giant's stock valued at $4,296,000 after buying an additional 722 shares during the period. Finally, Wescott Financial Advisory Group LLC boosted its stake in shares of McDonald's by 3.0% in the third quarter. Wescott Financial Advisory Group LLC now owns 1,265 shares of the fast-food giant's stock valued at $385,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value 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. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares of the company's stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,405 shares of company stock valued at $9,886,656. Insiders own 0.23% of the company's stock.

McDonald's Stock Performance

Shares of MCD stock traded down $5.74 during trading hours on Friday, reaching $306.95. The company had a trading volume of 3,211,501 shares, compared to its average volume of 3,500,063. The stock's fifty day simple moving average is $301.52 and its 200 day simple moving average is $298.10. The company has a market capitalization of $219.31 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted 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, equities analysts expect 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Bank of America boosted their price objective on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Barclays increased their target price on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Piper Sandler decreased their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, TD Securities reaffirmed a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.