McDonald's Co. (NYSE:MCD) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,929 shares of the fast-food giant's stock after purchasing an additional 5,922 shares during the quarter. NewEdge Advisors LLC's holdings in McDonald's were worth $36,216,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Atala Financial Inc purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's in the fourth quarter valued at about $27,000. Collier Financial purchased a new stake in McDonald's in the fourth quarter worth about $29,000. Fairway Wealth LLC grew its holdings in McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, Marshall Investment Management LLC purchased a new position in McDonald's during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Wedbush lifted their target price on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Loop Capital reissued a "buy" rating and set a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. Piper Sandler reduced their price objective 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. Finally, TD Securities restated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $322.87.

Insider Buying and Selling at McDonald's

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was 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, 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 transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company's stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. 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 ninety days. Corporate insiders own 0.23% of the company's stock.

McDonald's Stock Up 0.6 %

Shares of MCD stock traded up $1.72 during mid-day trading on Friday, hitting $310.82. 2,726,918 shares of the stock were exchanged, compared to its average volume of 3,584,180. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a fifty day moving average of $307.36 and a 200 day moving average of $299.30. The company has a market cap of $222.07 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. Equities analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

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.