AssuredPartners Investment Advisors LLC Purchases Shares of 5,738 McDonald’s Co. (NYSE:MCD)

AssuredPartners Investment Advisors LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,738 shares of the fast-food giant’s stock, valued at approximately $1,663,000.

Several other large investors have also modified their holdings of the stock. Boltwood Capital Management lifted its position in McDonald’s by 1.9% in the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after buying an additional 35 shares in the last quarter. Pettee Investors Inc. raised its holdings in shares of McDonald’s by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after acquiring an additional 35 shares in the last quarter. Modus Advisors LLC boosted its position in McDonald’s by 0.4% during the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after purchasing an additional 36 shares during the last quarter. Independent Wealth Network Inc. grew its stake in McDonald’s by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock valued at $213,000 after purchasing an additional 36 shares in the last quarter. Finally, Blue Barn Wealth LLC increased its position in McDonald’s by 4.3% in the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after purchasing an additional 36 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was 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 of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,405 shares of company stock worth $9,886,656. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on MCD. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Barclays boosted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Morgan Stanley cut their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Truist Financial reduced their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Bank of America increased their target price on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.39.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $313.39 on Thursday. The company has a market cap of $223.91 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm has a fifty day moving average price of $300.34 and a two-hundred day moving average price of $297.89. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

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.