BLB&B Advisors LLC Purchases 296 Shares of McDonald’s Co. (NYSE:MCD)

BLB&B Advisors LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 37,752 shares of the fast-food giant’s stock after buying an additional 296 shares during the period. BLB&B Advisors LLC’s holdings in McDonald’s were worth $10,944,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Golden State Wealth Management LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $714,000. Global X Japan Co. Ltd. lifted its position in shares of McDonald’s by 3.6% during the 4th quarter. Global X Japan Co. Ltd. now owns 1,725 shares of the fast-food giant’s stock valued at $500,000 after acquiring an additional 60 shares during the period. Fairvoy Private Wealth LLC bought a new position in McDonald’s during the fourth quarter worth $3,046,000. Strategic Financial Concepts LLC grew its holdings in McDonald’s by 26,948.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock worth $66,023,000 after purchasing an additional 226,910 shares during the period. Finally, Leo Wealth LLC increased its stake in McDonald’s by 50.0% in the fourth quarter. Leo Wealth LLC now owns 3,724 shares of the fast-food giant’s stock valued at $1,080,000 after purchasing an additional 1,241 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Robert W. Baird cut shares of 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. Wedbush reiterated an “outperform” rating and issued a $295.00 price target on shares of McDonald’s in a report on Wednesday, October 23rd. Evercore ISI boosted their price objective on McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. BMO Capital Markets increased their target price on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Truist Financial lowered their price objective 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. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $318.86.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,406 shares of company stock worth $2,150,857. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $294.39 on Friday. The company has a market capitalization of $210.97 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a 50-day simple moving average of $290.73 and a 200 day simple moving average of $290.40.

McDonald’s Announces Dividend

The business also recently declared 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 of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

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.