McDonald’s Co. (NYSE:MCD) Shares Acquired by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 50.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,203 shares of the fast-food giant’s stock after purchasing an additional 4,445 shares during the quarter. Lake Street Advisors Group LLC’s holdings in McDonald’s were worth $3,827,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MCD. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of McDonald’s during the fourth quarter worth about $213,000. Daner Wealth Management LLC purchased a new stake in McDonald’s during the 4th quarter valued at approximately $825,000. Pinnacle West Asset Management Inc. lifted its position in McDonald’s by 0.8% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 6,640 shares of the fast-food giant’s stock worth $1,925,000 after acquiring an additional 50 shares during the period. FourThought Financial Partners LLC purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $981,000. Finally, Exchange Capital Management Inc. increased its holdings in shares of McDonald’s by 1.4% in the fourth quarter. Exchange Capital Management Inc. now owns 10,753 shares of the fast-food giant’s stock valued at $3,117,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 1.1 %

NYSE:MCD opened at $310.84 on Wednesday. The company has a market capitalization of $222.75 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The firm has a 50-day moving average price of $293.10 and a two-hundred day moving average price of $294.65. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 annualized dividend and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now owns 13,978 shares of the company’s stock, valued at $4,263,290. This represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, 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. Insiders have sold a total of 32,504 shares of company stock valued at $9,897,305 over the last quarter. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. Robert W. Baird upped their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. KeyCorp raised their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Piper Sandler cut their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, 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 report on Tuesday, February 11th. Ten research 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.