Naples Global Advisors LLC Boosts Stock Holdings in McDonald’s Co. (NYSE:MCD)

Naples Global Advisors LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,437 shares of the fast-food giant’s stock after buying an additional 56 shares during the quarter. Naples Global Advisors LLC’s holdings in McDonald’s were worth $5,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter worth $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the 4th quarter worth about $27,000. Collier Financial bought a new position in McDonald’s in the 4th quarter worth about $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the 3rd quarter valued at about $31,000. Finally, Hara Capital LLC bought a new stake in shares of McDonald’s during the third quarter valued at about $44,000. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MCD shares. BMO Capital Markets raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday. Piper Sandler lowered their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Barclays lifted their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $323.61.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This trade represents a 3.66 % 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, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock valued at $2,150,857 over the last three months. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Down 0.9 %

NYSE MCD opened at $307.47 on Thursday. The company has a 50-day simple moving average of $291.33 and a two-hundred day simple moving average of $291.97. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a market cap of $220.34 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. Equities analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date 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, Russia, Spain, and the U.K.