Betterment LLC Purchases 205 Shares of McDonald’s Co. (NYSE:MCD)

Betterment LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,411 shares of the fast-food giant’s stock after purchasing an additional 205 shares during the period. Betterment LLC’s holdings in McDonald’s were worth $409,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Boltwood Capital Management boosted its stake in McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock valued at $546,000 after purchasing an additional 35 shares during the period. Pettee Investors Inc. lifted its position in shares of McDonald’s by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after buying an additional 35 shares during the period. Covestor Ltd lifted its position in shares of McDonald’s by 4.1% during the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant’s stock worth $261,000 after buying an additional 35 shares during the period. Modus Advisors LLC lifted its position in shares of McDonald’s by 0.4% during the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock worth $2,724,000 after buying an additional 36 shares during the period. Finally, Independent Wealth Network Inc. lifted its position in shares of McDonald’s by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after buying an additional 36 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. Truist Financial cut their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Wedbush upped their price target on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Piper Sandler lowered their target price 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. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Finally, Robert W. Baird reduced their price target on McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Ten research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $322.74.

McDonald’s Trading Up 0.0 %

Shares of McDonald’s stock opened at $316.81 on Tuesday. The company has a market cap of $226.35 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company has a 50 day moving average of $308.48 and a 200-day moving average of $299.83. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 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%. Research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Transactions at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the sale, the insider now directly owns 13,978 shares of the company’s stock, valued at $4,263,290. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock worth $8,676,247 over the last three months. 0.25% of the stock is owned by company insiders.

McDonald’s 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, Spain, and the U.K.