Kestra Private Wealth Services LLC Raises Stock Holdings in McDonald’s Co. (NYSE:MCD)

Kestra Private Wealth Services LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 16.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,839 shares of the fast-food giant’s stock after acquiring an additional 8,156 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in McDonald’s were worth $16,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter worth approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s during the third quarter valued at $31,000. Hara Capital LLC bought a new position in McDonald’s during the 3rd quarter worth about $44,000. Financial Life Planners purchased a new position in McDonald’s during the 4th quarter valued at about $49,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the 3rd quarter worth approximately $58,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MCD has been the topic of a number of recent research reports. Citigroup raised their price objective on McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and decreased their price target for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Loop Capital restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $318.86.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred 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 directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Performance

MCD stock opened at $294.39 on Friday. The firm’s 50 day moving average price is $290.70 and its 200-day moving average price is $290.64. The firm has a market cap of $210.97 billion, a PE ratio of 25.85, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. McDonald’s’s payout ratio is currently 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, Russia, Spain, and the U.K.