McDonald’s Co. (NYSE:MCD) Stock Position Boosted by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 81.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,771 shares of the fast-food giant’s stock after acquiring an additional 22,354 shares during the period. Apollon Wealth Management LLC’s holdings in McDonald’s were worth $14,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MCD. International Assets Investment Management LLC lifted its holdings in McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after acquiring an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after buying an additional 677,139 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in McDonald’s in the third quarter worth approximately $121,254,000. Zurich Insurance Group Ltd FI increased its holdings in shares of McDonald’s by 3,580.1% in the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after buying an additional 261,350 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its position in shares of McDonald’s by 26,948.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock valued at $66,023,000 after acquiring an additional 226,910 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The shares were 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 owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,406 shares of company stock worth $2,150,857. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.0 %

MCD opened at $294.39 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The business has a 50 day moving average of $290.73 and a 200-day moving average of $290.40. The stock has a market capitalization of $210.97 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 4.08 and a beta of 0.74.

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 issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. McDonald’s’s payout ratio is 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent analyst reports. KeyCorp cut their target price on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Morgan Stanley decreased their target price on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Citigroup boosted their price target on shares of McDonald’s from $334.00 to $336.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Truist Financial lowered their price objective on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $318.86.

McDonald’s 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.