Florida Financial Advisors LLC Has $434,000 Holdings in McDonald’s Co. (NYSE:MCD)

Florida Financial Advisors LLC grew its position in shares of McDonald’s Co. (NYSE:MCD) by 49.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,497 shares of the fast-food giant’s stock after purchasing an additional 492 shares during the quarter. Florida Financial Advisors LLC’s holdings in McDonald’s were worth $434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the third quarter worth $25,000. Atala Financial Inc acquired a new position in McDonald’s in the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s during the 4th quarter worth about $27,000. Collier Financial bought a new position in shares of McDonald’s in the 4th quarter worth about $29,000. Finally, Fairway Wealth LLC lifted its stake in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares during the period. 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 on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,405 shares of company stock worth $9,886,656. 0.23% of the stock is owned by company insiders.

McDonald’s Trading Up 0.1 %

MCD opened at $305.85 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market cap of $218.52 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The stock has a fifty day simple moving average of $299.21 and a two-hundred day simple moving average of $297.65.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.31%. McDonald’s’s payout ratio is currently 62.16%.

Analyst Ratings Changes

Several research firms have recently commented on MCD. Robert W. Baird boosted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Piper Sandler lowered their price target 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 reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Truist Financial decreased their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $323.39.

McDonald’s Company 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.