Apriem Advisors Acquires 39 Shares of McDonald’s Co. (NYSE:MCD)

Apriem Advisors grew its stake in McDonald’s Co. (NYSE:MCD) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 799 shares of the fast-food giant’s stock after buying an additional 39 shares during the period. Apriem Advisors’ holdings in McDonald’s were worth $232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the third quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the 4th quarter valued at about $27,000. Collier Financial acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $31,000. Finally, Marshall Investment Management LLC bought a new position in McDonald’s during the 4th quarter worth approximately $37,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,504 shares of company stock valued at $9,897,305. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Barclays raised their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Wedbush boosted their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Truist Financial dropped their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Trading Up 1.8 %

Shares of MCD stock opened at $309.88 on Friday. The firm’s fifty day moving average price is $293.75 and its two-hundred day moving average price is $294.82. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market capitalization of $222.07 billion, a P/E ratio of 27.21, a PEG ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

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 issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 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, Spain, and the U.K.