Independent Advisor Alliance Has $21.52 Million Holdings in McDonald’s Co. (NYSE:MCD)

Independent Advisor Alliance trimmed its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 74,232 shares of the fast-food giant’s stock after selling 649 shares during the quarter. Independent Advisor Alliance’s holdings in McDonald’s were worth $21,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. United Bank raised its stake in McDonald’s by 3.5% during the third quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock worth $1,963,000 after acquiring an additional 218 shares in the last quarter. Assetmark Inc. raised its position in shares of McDonald’s by 28.1% during the third quarter. Assetmark Inc. now owns 54,070 shares of the fast-food giant’s stock worth $16,465,000 after purchasing an additional 11,867 shares during the period. Essex Savings Bank raised its position in shares of McDonald’s by 10.8% during the third quarter. Essex Savings Bank now owns 7,281 shares of the fast-food giant’s stock worth $2,217,000 after purchasing an additional 712 shares during the period. Atria Investments Inc raised its position in McDonald’s by 2.7% in the 3rd quarter. Atria Investments Inc now owns 67,153 shares of the fast-food giant’s stock valued at $20,449,000 after buying an additional 1,749 shares during the last quarter. Finally, Sigma Planning Corp raised its position in McDonald’s by 6.1% in the 3rd quarter. Sigma Planning Corp now owns 22,435 shares of the fast-food giant’s stock valued at $6,832,000 after buying an additional 1,299 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Barclays lifted their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Wedbush lifted their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Truist Financial lowered their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Price Performance

MCD opened at $321.52 on Monday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $323.17. The stock has a market cap of $229.71 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.10 and a beta of 0.71. The stock’s 50 day moving average price is $295.69 and its 200 day moving average price is $296.37.

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 negative return on equity of 181.63% and a net margin of 31.73%. Equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.20%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

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.