Financial Harvest LLC Takes $212,000 Position in McDonald’s Co. (NYSE:MCD)

Financial Harvest LLC purchased a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 731 shares of the fast-food giant’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Kennebec Savings Bank bought a new stake in McDonald’s during the third quarter worth $1,394,000. YANKCOM Partnership bought a new position in McDonald’s in the fourth quarter valued at about $1,628,000. Charles Schwab Investment Management Inc. raised its stake in McDonald’s by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after acquiring an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of McDonald’s by 6.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock worth $14,978,000 after acquiring an additional 2,997 shares during the last quarter. Finally, PFW Advisors LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $2,471,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $302.89 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The business’s 50 day simple moving average is $292.45 and its two-hundred day simple moving average is $293.51. The firm has a market cap of $217.06 billion, a P/E ratio of 26.59, a PEG ratio of 3.09 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. On average, equities analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. The trade was a 24.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,106 shares of company stock worth $6,368,814. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on MCD shares. TD Securities reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Robert W. Baird raised their price objective on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Citigroup increased their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. KeyCorp boosted their price target on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.