McDonald’s Co. (NYSE:MCD) Shares Bought by Adero Partners LLC

Adero Partners LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 898 shares of the fast-food giant’s stock after purchasing an additional 82 shares during the period. Adero Partners LLC’s holdings in McDonald’s were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth about $31,000. Hara Capital LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth about $44,000. Financial Life Planners acquired a new stake in shares of McDonald’s in the 4th quarter worth about $49,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of McDonald’s in the 3rd quarter worth about $58,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’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 transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock valued at $2,150,857 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $294.37 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The business’s 50-day moving average price is $290.75 and its two-hundred day moving average price is $290.37. The company has a market capitalization of $210.95 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.41%. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barclays raised their target price on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Wedbush reissued an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research note on Wednesday, October 23rd. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $318.86.

McDonald’s Company Profile

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.