GM Advisory Group LLC Purchases 305 Shares of McDonald’s Co. (NYSE:MCD)

GM Advisory Group LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,386 shares of the fast-food giant’s stock after acquiring an additional 305 shares during the period. GM Advisory Group LLC’s holdings in McDonald’s were worth $692,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boltwood Capital Management raised its stake in McDonald’s by 1.9% during the fourth 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 in the last quarter. Pettee Investors Inc. grew its holdings in shares of McDonald’s by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock valued at $1,566,000 after purchasing an additional 35 shares during the last quarter. Modus Advisors LLC increased its position in 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 purchasing an additional 36 shares in the last quarter. Independent Wealth Network Inc. lifted its stake in McDonald’s by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock valued at $213,000 after purchasing an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC boosted its position in McDonald’s by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock valued at $252,000 after buying an additional 36 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of 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 disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. Piper Sandler lowered their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. KeyCorp upped their target price on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Bank of America upped their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, Citigroup raised their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.39.

McDonald’s Stock Up 1.1 %

Shares of MCD stock opened at $306.83 on Thursday. The firm has a 50 day moving average of $297.89 and a 200-day moving average of $297.19. The company has a market cap of $219.21 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth 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 $326.32.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

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