Family Legacy Inc. Purchases 59 Shares of McDonald’s Co. (NYSE:MCD)

Family Legacy Inc. increased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,301 shares of the fast-food giant’s stock after acquiring an additional 59 shares during the period. Family Legacy Inc.’s holdings in McDonald’s were worth $1,521,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Seven Mile Advisory raised its stake in shares of McDonald’s by 7.8% during the fourth quarter. Seven Mile Advisory now owns 2,296 shares of the fast-food giant’s stock valued at $666,000 after acquiring an additional 167 shares during the last quarter. Summit Financial LLC increased its holdings in McDonald’s by 5.5% in the fourth quarter. Summit Financial LLC now owns 18,470 shares of the fast-food giant’s stock valued at $5,354,000 after purchasing an additional 963 shares during the period. Prudent Man Investment Management Inc. bought a new position in McDonald’s during the 4th quarter worth $43,000. D L Carlson Investment Group Inc. lifted its holdings in McDonald’s by 4.5% during the 4th quarter. D L Carlson Investment Group Inc. now owns 2,367 shares of the fast-food giant’s stock worth $686,000 after buying an additional 101 shares during the period. Finally, AIA Group Ltd grew its position in shares of McDonald’s by 65.0% in the 4th quarter. AIA Group Ltd now owns 20,212 shares of the fast-food giant’s stock valued at $5,859,000 after buying an additional 7,960 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,996 shares of company stock worth $8,897,534 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $306.95 on Monday. The company has a market capitalization of $219.31 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The business has a fifty day moving average price of $301.52 and a two-hundred day moving average price of $298.20.

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

McDonald’s Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCD. Erste Group Bank upgraded McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Barclays raised their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Robert W. Baird upped their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Morgan Stanley decreased their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Finally, Truist Financial dropped their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $323.61.

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.