Kelly Financial Group LLC Buys New Shares in McDonald’s Co. (NYSE:MCD)

Kelly Financial Group LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 690 shares of the fast-food giant’s stock, valued at approximately $200,000.

A number of other hedge funds also recently bought and sold shares of MCD. Fidelis Capital Partners LLC boosted its position in McDonald’s by 5.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,241 shares of the fast-food giant’s stock valued at $2,100,000 after buying an additional 372 shares during the period. Investment Partners LTD. grew its position in McDonald’s by 15.0% during the 4th quarter. Investment Partners LTD. now owns 6,078 shares of the fast-food giant’s stock worth $1,762,000 after acquiring an additional 793 shares during the last quarter. Quintet Private Bank Europe S.A. increased its stake in McDonald’s by 9.6% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 54,057 shares of the fast-food giant’s stock worth $15,671,000 after purchasing an additional 4,739 shares during the period. LGT Fund Management Co Ltd. lifted its position in McDonald’s by 25.6% in the fourth quarter. LGT Fund Management Co Ltd. now owns 64,981 shares of the fast-food giant’s stock valued at $18,837,000 after purchasing an additional 13,250 shares during the last quarter. Finally, Alesco Advisors LLC boosted its stake in shares of McDonald’s by 7.2% during the fourth quarter. Alesco Advisors LLC now owns 1,230 shares of the fast-food giant’s stock valued at $357,000 after purchasing an additional 83 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value 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. This trade represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,504 shares of company stock worth $10,206,575. Company insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $308.17 on Monday. The company’s 50-day simple moving average is $294.06 and its 200 day simple moving average is $295.44. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market capitalization of $220.18 billion, a P/E ratio of 27.06, a PEG ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly 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 negative return on equity of 181.63% and a net margin of 31.73%. On average, equities research analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MCD shares. KeyCorp lifted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird boosted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. BMO Capital Markets increased their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Truist Financial reduced their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Barclays increased their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.61.

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, Spain, and the U.K.