49,571 Shares in McDonald’s Co. (NYSE:MCD) Bought by Life Planning Partners Inc

Life Planning Partners Inc purchased a new stake in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 49,571 shares of the fast-food giant’s stock, valued at approximately $14,370,000. McDonald’s accounts for about 2.0% of Life Planning Partners Inc’s holdings, making the stock its 12th biggest position.

A number of other hedge funds also recently made changes to their positions in the business. Mattern Capital Management LLC lifted its stake in McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after purchasing an additional 579 shares during the period. Bell Bank lifted its position in shares of McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after buying an additional 371 shares during the period. YANKCOM Partnership acquired a new stake in McDonald’s in the 4th quarter valued at $1,628,000. Integral Investment Advisors Inc. grew its position in McDonald’s by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after acquiring an additional 164 shares during the period. Finally, PFW Advisors LLC acquired a new position in McDonald’s during the fourth quarter worth $2,471,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of MCD stock opened at $306.95 on Friday. The stock has a 50-day moving average of $301.52 and a 200-day moving average of $298.15. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The stock has a market cap of $219.31 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its earnings results 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%. As a group, research analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.31%. McDonald’s’s dividend payout ratio is presently 62.16%.

Analyst Ratings Changes

Several research firms have recently weighed in on MCD. Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Citigroup raised their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Piper Sandler reduced their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Robert W. Baird raised their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Finally, Bank of America lifted their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling at McDonald’s

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % 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 stock in a transaction dated Tuesday, February 11th. The stock was 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 of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,405 shares of company stock valued at $9,886,656. Company insiders own 0.23% of the company’s stock.

McDonald’s Company 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.