McDonald’s Co. (NYSE:MCD) Shares Acquired by Hoge Financial Services LLC

Hoge Financial Services LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 32.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,825 shares of the fast-food giant’s stock after acquiring an additional 446 shares during the quarter. Hoge Financial Services LLC’s holdings in McDonald’s were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in MCD. Creative Planning raised its stake in shares of McDonald’s by 1.4% in the third quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock worth $100,311,000 after purchasing an additional 4,480 shares during the last quarter. Inspire Advisors LLC purchased a new position in McDonald’s during the 3rd quarter worth approximately $222,000. Net Worth Advisory Group acquired a new stake in McDonald’s during the 3rd quarter valued at approximately $649,000. Seamount Financial Group Inc. boosted its holdings in shares of McDonald’s by 3.0% in the 3rd quarter. Seamount Financial Group Inc. now owns 2,368 shares of the fast-food giant’s stock valued at $721,000 after acquiring an additional 70 shares during the last quarter. Finally, AA Financial Advisors LLC increased its stake in shares of McDonald’s by 14.0% in the third quarter. AA Financial Advisors LLC now owns 2,400 shares of the fast-food giant’s stock worth $731,000 after acquiring an additional 295 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on MCD. Bank of America upped their price target on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Morgan Stanley raised their target price on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. BMO Capital Markets boosted their price target on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Truist Financial decreased their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Performance

Shares of MCD opened at $308.59 on Monday. The stock has a 50 day moving average price of $291.98 and a 200 day moving average price of $292.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The stock has a market capitalization of $221.14 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 4.08 and a beta of 0.74.

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

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.29%. McDonald’s’s payout ratio is 62.16%.

Insiders Place Their Bets

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 stock was 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 of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’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 transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders have sold 17,906 shares of company stock valued at $5,406,382 in the last ninety days. 0.23% of the stock is currently owned by corporate 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.