McDonald’s Co. (NYSE:MCD) Stock Holdings Lifted by Allied Investment Advisors LLC

Allied Investment Advisors LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 19.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,277 shares of the fast-food giant’s stock after purchasing an additional 204 shares during the period. Allied Investment Advisors LLC’s holdings in McDonald’s were worth $370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new position in McDonald’s during the third quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s in the fourth quarter worth approximately $27,000. Collier Financial acquired a new position in shares of McDonald’s during the 4th quarter worth $29,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at $31,000. Finally, Hara Capital LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at $44,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MCD. Wedbush increased their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. KeyCorp raised their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley upped their target price on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, TD Cowen reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,906 shares of company stock valued at $5,406,382. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Down 1.2 %

Shares of NYSE MCD opened at $304.85 on Wednesday. The firm has a market capitalization of $218.46 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.16 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. The business has a fifty day simple moving average of $292.20 and a 200 day simple moving average of $293.38.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share 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. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend 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.