MN Wealth Advisors LLC Has $505,000 Holdings in McDonald’s Co. (NYSE:MCD)

MN Wealth Advisors LLC raised its position in McDonald’s Co. (NYSE:MCD) by 104.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,743 shares of the fast-food giant’s stock after purchasing an additional 892 shares during the period. MN Wealth Advisors LLC’s holdings in McDonald’s were worth $505,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the 4th quarter worth about $27,000. Collier Financial acquired a new position in shares of McDonald’s in the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s during the 3rd quarter valued at about $31,000. Finally, Hara Capital LLC acquired a new stake in McDonald’s during the third quarter worth approximately $44,000. 70.29% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s 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 transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,906 shares of company stock worth $5,406,382 in the last three months. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MCD. Morgan Stanley increased their price target on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Barclays raised their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Truist Financial dropped their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Bank of America boosted their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Finally, TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Price Performance

Shares of MCD stock opened at $308.59 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company’s fifty day simple moving average is $291.98 and its two-hundred day simple moving average is $292.53. The stock has a market capitalization of $221.14 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued 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 negative return on equity of 175.42% and a net margin of 31.79%. Equities research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 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.