McDonald’s Co. (NYSE:MCD) Stock Position Lifted by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC grew its position in McDonald’s Co. (NYSE:MCD) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,994 shares of the fast-food giant’s stock after acquiring an additional 51 shares during the quarter. Shepherd Financial Partners LLC’s holdings in McDonald’s were worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’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 transaction of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $2,150,857 over the last three months. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

McDonald’s stock opened at $294.39 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm’s 50 day moving average price is $290.73 and its two-hundred day moving average price is $290.40. The firm has a market cap of $210.97 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MCD. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Morgan Stanley cut their target price on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Piper Sandler lowered their price target 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. Citigroup increased their price objective on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Barclays boosted their target price on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $318.86.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.