McDonald’s Co. (NYSE:MCD) Shares Bought by OneAscent Financial Services LLC

OneAscent Financial Services LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,167 shares of the fast-food giant’s stock after buying an additional 431 shares during the period. OneAscent Financial Services LLC’s holdings in McDonald’s were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter worth approximately $25,000. Atala Financial Inc acquired a new position in McDonald’s in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s during the 4th quarter worth $27,000. Collier Financial purchased a new stake in shares of McDonald’s during the fourth quarter worth $29,000. Finally, Fairway Wealth LLC raised its position in shares of McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MCD shares. Robert W. Baird boosted their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley lowered their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday, March 17th. TD Securities reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Finally, Piper Sandler reduced their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Nine research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Buying and Selling

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock worth $8,461,400 over the last 90 days. 0.23% of the stock is owned by insiders.

McDonald’s Stock Down 0.6 %

Shares of MCD stock opened at $311.69 on Thursday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a 50 day moving average of $303.38 and a two-hundred day moving average of $298.56. The stock has a market capitalization of $222.69 billion, a PE ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results 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 negative return on equity of 181.63% and a net margin of 31.73%. Analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.27%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

About McDonald’s

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.