SOA Wealth Advisors LLC. Sells 1,981 Shares of McDonald’s Co. (NYSE:MCD)

SOA Wealth Advisors LLC. trimmed its position in McDonald’s Co. (NYSE:MCD) by 42.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,698 shares of the fast-food giant’s stock after selling 1,981 shares during the period. SOA Wealth Advisors LLC.’s holdings in McDonald’s were worth $782,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in McDonald’s in the 4th quarter worth about $714,000. Global X Japan Co. Ltd. grew its holdings in shares of McDonald’s by 3.6% during the fourth quarter. Global X Japan Co. Ltd. now owns 1,725 shares of the fast-food giant’s stock worth $500,000 after purchasing an additional 60 shares during the last quarter. Fairvoy Private Wealth LLC acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $3,046,000. Strategic Financial Concepts LLC raised its holdings in McDonald’s by 26,948.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock valued at $66,023,000 after buying an additional 226,910 shares during the last quarter. Finally, Leo Wealth LLC boosted its position in McDonald’s by 50.0% during the 4th quarter. Leo Wealth LLC now owns 3,724 shares of the fast-food giant’s stock worth $1,080,000 after buying an additional 1,241 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MCD. TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. KeyCorp reduced their price target on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Bank of America raised their price objective on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI upped their target price on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $318.86.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,406 shares of company stock worth $2,150,857. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $294.39 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a 50 day moving average price of $290.73 and a two-hundred day moving average price of $290.40. The stock has a market capitalization of $210.97 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74.

McDonald’s Announces Dividend

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 paid a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

McDonald’s Company Profile

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.