MONECO Advisors LLC Buys 371 Shares of McDonald’s Co. (NYSE:MCD)

MONECO Advisors LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 8.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,904 shares of the fast-food giant’s stock after buying an additional 371 shares during the period. MONECO Advisors LLC’s holdings in McDonald’s were worth $1,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCD. Elwood & Goetz Wealth Advisory Group LLC boosted its stake in shares of McDonald’s by 33.7% during the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,374 shares of the fast-food giant’s stock valued at $398,000 after purchasing an additional 346 shares during the period. Lansing Street Advisors increased its stake in shares of McDonald’s by 0.5% in the fourth quarter. Lansing Street Advisors now owns 50,573 shares of the fast-food giant’s stock worth $14,661,000 after buying an additional 241 shares during the period. Howard Capital Management Inc. raised its holdings in McDonald’s by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,903 shares of the fast-food giant’s stock valued at $1,421,000 after buying an additional 252 shares during the last quarter. Integral Investment Advisors Inc. boosted its position in McDonald’s by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after buying an additional 164 shares during the period. Finally, Wealthspire Advisors LLC grew its holdings in McDonald’s by 0.6% in the 4th quarter. Wealthspire Advisors LLC now owns 17,571 shares of the fast-food giant’s stock worth $5,094,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America upped their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Wedbush lifted their price objective on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Truist Financial decreased their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Morgan Stanley lifted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,106 shares of company stock worth $6,382,112. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.6 %

Shares of NYSE:MCD opened at $304.76 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market capitalization of $218.40 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74. The stock has a fifty day simple moving average of $292.61 and a two-hundred day simple moving average of $294.10.

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, 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%. As a group, equities research analysts predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

About McDonald’s

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.