Personal CFO Solutions LLC Purchases 121 Shares of McDonald’s Co. (NYSE:MCD)

Personal CFO Solutions LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,666 shares of the fast-food giant’s stock after acquiring an additional 121 shares during the quarter. Personal CFO Solutions LLC’s holdings in McDonald’s were worth $773,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s in the 4th quarter worth approximately $27,000. Collier Financial bought a new position in shares of McDonald’s during the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC purchased a new stake in McDonald’s during the third quarter valued at approximately $31,000. Finally, Marshall Investment Management LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $37,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,504 shares of company stock valued at $10,206,575. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. KeyCorp increased their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Robert W. Baird increased their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. BMO Capital Markets boosted their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Piper Sandler decreased 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 report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Performance

McDonald’s stock opened at $321.52 on Monday. The company’s 50 day simple moving average is $295.69 and its 200-day simple moving average is $296.37. The company has a market capitalization of $229.71 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $323.17.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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%. Equities analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

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 $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.20%. McDonald’s’s payout ratio is 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.