Linscomb Wealth Inc. Has $11.62 Million Holdings in McDonald’s Co. (NYSE:MCD)

Linscomb Wealth Inc. lifted its position in McDonald’s Co. (NYSE:MCD) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,084 shares of the fast-food giant’s stock after purchasing an additional 544 shares during the quarter. McDonald’s accounts for 0.6% of Linscomb Wealth Inc.’s portfolio, making the stock its 29th largest position. Linscomb Wealth Inc.’s holdings in McDonald’s were worth $11,620,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 3rd quarter valued at $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s in the fourth quarter valued at about $27,000. Collier Financial acquired a new position in McDonald’s in the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the third quarter worth about $31,000. Finally, Marshall Investment Management LLC bought a new position in McDonald’s during the fourth quarter worth about $37,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Up 1.8 %

Shares of MCD opened at $309.88 on Friday. The stock has a market cap of $222.07 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The stock’s 50-day moving average price is $293.75 and its two-hundred day moving average price is $294.82. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

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

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MCD. Bank of America increased their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Morgan Stanley increased their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Wedbush boosted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Piper Sandler lowered their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Truist Financial cut their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $323.61.

Insider Buying and Selling

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,504 shares of company stock valued at $9,897,305. 0.23% of the stock is owned by company insiders.

McDonald’s Company 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.