Cassady Schiller Wealth Management LLC Purchases 58 Shares of McDonald’s Co. (NYSE:MCD)

Cassady Schiller Wealth Management LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 5.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,049 shares of the fast-food giant’s stock after buying an additional 58 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in McDonald’s were worth $304,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in McDonald’s during the 3rd quarter worth about $25,000. Atala Financial Inc bought a new position in McDonald’s during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s during the 4th quarter worth about $27,000. Collier Financial bought a new position in McDonald’s during the 4th quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the 3rd quarter worth about $31,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley increased their target price on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Citigroup increased their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler reduced their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Robert W. Baird increased their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets increased their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Trading Up 0.8 %

Shares of MCD opened at $300.00 on Monday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm’s 50 day moving average is $296.96 and its 200-day moving average is $296.91. The stock has a market capitalization of $214.34 billion, a PE ratio of 26.34, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS 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%. Equities research analysts predict 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. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’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 value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by company insiders.

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.