Kestra Advisory Services LLC Buys 2,816 Shares of McDonald’s Co. (NYSE:MCD)

Kestra Advisory Services LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,594 shares of the fast-food giant’s stock after purchasing an additional 2,816 shares during the period. Kestra Advisory Services LLC’s holdings in McDonald’s were worth $42,496,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter worth about $25,000. Atala Financial Inc bought a new position in McDonald’s during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s during the 4th quarter worth about $27,000. Collier Financial bought a new position in McDonald’s during the 4th quarter worth about $29,000. Finally, Fairway Wealth LLC grew its holdings in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Piper Sandler dropped their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. TD Securities reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Robert W. Baird increased their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Citigroup increased their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets raised their price target on shares of McDonald’s from $335.00 to $340.00 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $323.61.

Insiders Place Their Bets

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. The trade was a 69.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is owned by insiders.

McDonald’s Trading Up 0.8 %

MCD opened at $300.00 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market capitalization of $214.34 billion, a PE ratio of 26.34, a P/E/G ratio of 3.10 and a beta of 0.71. The firm has a 50 day moving average of $296.96 and a two-hundred day moving average of $296.79.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) 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%. As a group, analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 2.36%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend 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.