OMC Financial Services LTD Acquires 1,827 Shares of McDonald’s Co. (NYSE:MCD)

OMC Financial Services LTD raised its holdings in McDonald’s Co. (NYSE:MCD) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,735 shares of the fast-food giant’s stock after acquiring an additional 1,827 shares during the period. McDonald’s comprises 2.4% of OMC Financial Services LTD’s holdings, making the stock its 11th biggest holding. OMC Financial Services LTD’s holdings in McDonald’s were worth $5,721,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of McDonald’s by 1.2% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 121,578 shares of the fast-food giant’s stock valued at $35,633,000 after purchasing an additional 1,447 shares during the last quarter. Compass Financial Services Inc bought a new stake in shares of McDonald’s during the fourth quarter worth $135,000. Newbridge Financial Services Group Inc. grew its stake in shares of McDonald’s by 3.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,579 shares of the fast-food giant’s stock worth $748,000 after buying an additional 90 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of McDonald’s by 16.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 57,839 shares of the fast-food giant’s stock valued at $16,767,000 after acquiring an additional 8,156 shares during the last quarter. Finally, Quotient Wealth Partners LLC lifted its stake in shares of McDonald’s by 14.6% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,358 shares of the fast-food giant’s stock valued at $683,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.0 %

McDonald’s stock opened at $294.39 on Monday. The company has a market capitalization of $210.97 billion, a PE ratio of 25.85, a PEG ratio of 4.08 and a beta of 0.74. The firm’s fifty day moving average is $290.70 and its 200 day moving average is $290.89. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.40%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MCD shares. Bank of America upped their target price on McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Piper Sandler lowered their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. KeyCorp decreased their price target on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $320.00 to $290.00 in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $318.86.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,406 shares of company stock valued at $2,150,857 in the last three months. Corporate insiders own 0.23% of the company’s stock.

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, Russia, Spain, and the U.K.