New Age Alpha Advisors LLC Has $1.21 Million Position in McDonald's Co. (NYSE:MCD)

New Age Alpha Advisors LLC lifted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 6,396.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,158 shares of the fast-food giant's stock after buying an additional 4,094 shares during the period. New Age Alpha Advisors LLC's holdings in McDonald's were worth $1,205,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new position in McDonald's in the 3rd quarter worth $25,000. Atala Financial Inc acquired a new position in shares of McDonald's in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald's in the fourth quarter valued at about $27,000. Collier Financial acquired a new stake in McDonald's during the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC increased 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 purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MCD. Piper Sandler reduced their target price on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Barclays raised their price objective on shares of McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Loop Capital reissued a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a report on Friday, January 3rd. Finally, Robert W. Baird increased their target price on McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $323.61.

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Insider Activity at McDonald's

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,996 shares of company stock worth $8,897,534. 0.23% of the stock is owned by corporate insiders.

McDonald's Trading Up 0.4 %

MCD stock traded up $1.20 on Tuesday, hitting $313.57. 2,411,214 shares of the company's stock traded hands, compared to its average volume of 3,499,388. The stock has a market cap of $224.03 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a fifty day moving average of $302.16 and a 200-day moving average of $298.35.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is currently 62.16%.

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.