Prairie Wealth Advisors Inc. Has $984,000 Position in McDonald’s Co. (NYSE:MCD)

Prairie Wealth Advisors Inc. trimmed its stake in McDonald’s Co. (NYSE:MCD) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,393 shares of the fast-food giant’s stock after selling 35 shares during the quarter. Prairie Wealth Advisors Inc.’s holdings in McDonald’s were worth $984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $31,000. Hara Capital LLC purchased a new stake in shares of McDonald’s in the third quarter worth approximately $44,000. Financial Life Planners bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $49,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of McDonald’s during the third quarter valued at approximately $58,000. 70.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction 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 sale, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This represents a 11.84 % 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 Marion K. Gross sold 1,499 shares of McDonald’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 completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by corporate insiders.

McDonald’s Trading Up 1.9 %

NYSE:MCD opened at $294.37 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a 50-day moving average price of $290.75 and a 200-day moving average price of $290.37. The stock has a market cap of $210.95 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 3.83 and a beta of 0.74.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.41%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MCD shares. Truist Financial cut their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Bank of America increased their price target on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Robert W. Baird cut McDonald’s from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $318.86.

About McDonald’s

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.