Pathway Financial Advisers LLC Purchases 62 Shares of McDonald’s Co. (NYSE:MCD)

Pathway Financial Advisers LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,951 shares of the fast-food giant’s stock after purchasing an additional 62 shares during the quarter. McDonald’s comprises approximately 1.2% of Pathway Financial Advisers LLC’s portfolio, making the stock its 26th biggest holding. Pathway Financial Advisers LLC’s holdings in McDonald’s were worth $3,464,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter worth $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s during the 4th quarter valued at about $27,000. Collier Financial bought a new stake in shares of McDonald’s during the fourth quarter valued at about $29,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter worth about $31,000. Finally, Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MCD shares. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Truist Financial lowered their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday. TD Cowen restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. TD Securities restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday. Finally, Barclays lifted their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $307.47 on Thursday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market capitalization of $220.34 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The business’s 50 day simple moving average is $291.58 and its two-hundred day simple moving average is $292.08.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. Sell-side analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Buying and Selling at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is currently owned by company insiders.

McDonald’s Company 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.