Dana Investment Advisors Inc. Has $7.68 Million Holdings in McDonald’s Co. (NYSE:MCD)

Dana Investment Advisors Inc. cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,482 shares of the fast-food giant’s stock after selling 422 shares during the quarter. Dana Investment Advisors Inc.’s holdings in McDonald’s were worth $7,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GDS Wealth Management lifted its position in shares of McDonald’s by 1.4% during the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after acquiring an additional 35 shares during the period. Boltwood Capital Management lifted its holdings in shares of McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after acquiring an additional 35 shares during the period. Modus Advisors LLC lifted its holdings 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 acquiring an additional 36 shares during the period. Independent Wealth Network Inc. boosted 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 acquiring an additional 36 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC increased its stake in McDonald’s by 3.0% in the third quarter. Wescott Financial Advisory Group LLC now owns 1,265 shares of the fast-food giant’s stock valued at $385,000 after acquiring an additional 37 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MCD shares. TD Securities reaffirmed a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Piper Sandler reduced their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. KeyCorp boosted their target price on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Citigroup raised their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Morgan Stanley lifted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s 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 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. The trade was a 24.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock worth $10,206,575 in the last quarter. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $307.58 on Thursday. The firm has a market cap of $219.75 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a 50 day moving average price of $294.82 and a two-hundred day moving average price of $295.91.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities research analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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.