Signature Estate & Investment Advisors LLC Grows Holdings in McDonald’s Co. (NYSE:MCD)

Signature Estate & Investment Advisors LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,236 shares of the fast-food giant’s stock after purchasing an additional 240 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in McDonald’s were worth $938,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MCD. First American Trust FSB grew its stake in McDonald’s by 2.4% in the 4th quarter. First American Trust FSB now owns 23,683 shares of the fast-food giant’s stock worth $6,865,000 after acquiring an additional 556 shares in the last quarter. Heritage Wealth Management Inc. CA raised its position in McDonald’s by 108.4% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 971 shares of the fast-food giant’s stock valued at $281,000 after purchasing an additional 505 shares in the last quarter. Ashton Thomas Securities LLC grew its position in shares of McDonald’s by 42.6% during the 4th quarter. Ashton Thomas Securities LLC now owns 1,838 shares of the fast-food giant’s stock worth $534,000 after buying an additional 549 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of McDonald’s by 6.2% during the fourth quarter. TD Asset Management Inc. now owns 1,297,910 shares of the fast-food giant’s stock valued at $376,251,000 after buying an additional 75,540 shares during the period. Finally, Modern Wealth Management LLC raised its holdings in shares of McDonald’s by 13.3% in the fourth quarter. Modern Wealth Management LLC now owns 9,802 shares of the fast-food giant’s stock valued at $3,023,000 after acquiring an additional 1,154 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Up 0.4 %

McDonald’s stock opened at $307.01 on Wednesday. The stock has a 50-day moving average price of $299.72 and a 200 day moving average price of $297.78. The company has a market capitalization of $219.35 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

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

McDonald’s Announces Dividend

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

Insider Buying and Selling 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 sale, the chief executive officer now owns 32,756 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,405 shares of company stock worth $9,886,656. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MCD. Bank of America increased their target price on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Barclays increased their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Truist Financial reduced their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. KeyCorp increased their target price on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird boosted their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $323.39.

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.