Vision Financial Markets LLC Invests $914,000 in McDonald’s Co. (NYSE:MCD)

Vision Financial Markets LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,153 shares of the fast-food giant’s stock, valued at approximately $914,000. McDonald’s accounts for about 1.0% of Vision Financial Markets LLC’s holdings, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s during the fourth quarter valued at $27,000. Collier Financial acquired a new position in McDonald’s during the fourth quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the third quarter valued at $31,000. Finally, Marshall Investment Management LLC acquired a new position in McDonald’s during the fourth quarter valued at $37,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.6 %

Shares of NYSE MCD opened at $307.58 on Thursday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market cap of $219.75 billion, a PE ratio of 27.00, a P/E/G ratio of 3.10 and a beta of 0.71. The company has a 50-day moving average of $294.82 and a 200 day moving average of $295.91.

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

McDonald’s Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MCD. Morgan Stanley boosted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Piper Sandler decreased their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Barclays boosted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. TD Securities reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Finally, Wedbush lifted their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at $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 quarter, insiders sold 33,504 shares of company stock valued at $10,206,575. Corporate insiders own 0.23% of the company’s stock.

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.