Sage Mountain Advisors LLC Has $1.30 Million Stake in McDonald’s Co. (NYSE:MCD)

Sage Mountain Advisors LLC raised its position in McDonald’s Co. (NYSE:MCD) by 16.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,490 shares of the fast-food giant’s stock after purchasing an additional 626 shares during the period. Sage Mountain Advisors LLC’s holdings in McDonald’s were worth $1,302,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MCD. United Bank increased its stake in shares of McDonald’s by 3.5% in the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after acquiring an additional 218 shares in the last quarter. Assetmark Inc. increased its stake in shares of McDonald’s by 28.1% in the 3rd quarter. Assetmark Inc. now owns 54,070 shares of the fast-food giant’s stock valued at $16,465,000 after acquiring an additional 11,867 shares in the last quarter. Ashton Thomas Securities LLC increased its stake in shares of McDonald’s by 51.5% in the 3rd quarter. Ashton Thomas Securities LLC now owns 1,289 shares of the fast-food giant’s stock valued at $393,000 after acquiring an additional 438 shares in the last quarter. New Jersey Better Educational Savings Trust bought a new stake in shares of McDonald’s in the 3rd quarter valued at $217,000. Finally, Kennebec Savings Bank bought a new stake in shares of McDonald’s in the 3rd quarter valued at $1,394,000. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MCD shares. TD Securities reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Piper Sandler decreased their price target on shares of 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 restated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Wedbush boosted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the insider now directly 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. In the last ninety days, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $316.94 on Tuesday. The company’s 50-day moving average is $296.24 and its 200 day moving average is $296.56. The company has a market capitalization of $226.44 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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 net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 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.