Advisors Asset Management Inc. Has $10.75 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Advisors Asset Management Inc. lessened its position in McDonald’s Co. (NYSE:MCD) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,093 shares of the fast-food giant’s stock after selling 3,645 shares during the quarter. Advisors Asset Management Inc.’s holdings in McDonald’s were worth $10,753,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter valued at approximately $25,000. Atala Financial Inc bought a new position in McDonald’s in the fourth quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial bought a new position in shares of McDonald’s during the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC boosted its stake in shares of McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 1.4 %

NYSE MCD opened at $304.01 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The business’s 50-day moving average price is $297.20 and its two-hundred day moving average price is $297.02. The firm has a market capitalization of $217.20 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. TD Securities reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Morgan Stanley dropped their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday. Truist Financial lowered their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, BMO Capital Markets boosted their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.39.

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.