MONECO Advisors LLC Grows Position in McDonald’s Co. (NYSE:MCD)

MONECO Advisors LLC grew its position in shares of McDonald’s Co. (NYSE:MCD) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,904 shares of the fast-food giant’s stock after acquiring an additional 371 shares during the quarter. MONECO Advisors LLC’s holdings in McDonald’s were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of McDonald’s by 542.9% in the 3rd 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 during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in McDonald’s during the third quarter worth $121,254,000. Zurich Insurance Group Ltd FI lifted its holdings in McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after acquiring an additional 261,350 shares during the period. Strategic Financial Concepts LLC boosted its position in McDonald’s by 26,948.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock worth $66,023,000 after purchasing an additional 226,910 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in McDonald’s in the 4th quarter valued at $64,805,000. Institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird lifted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Truist Financial reduced their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. BMO Capital Markets lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $304.76 on Monday. The firm has a fifty day moving average price of $292.61 and a two-hundred day moving average price of $294.10. The company has a market cap of $218.40 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,106 shares of company stock valued at $6,382,112. 0.23% of the stock is owned by corporate insiders.

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.