1,158 Shares in McDonald’s Co. (NYSE:MCD) Bought by Hughes Financial Services LLC

Hughes Financial Services LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,158 shares of the fast-food giant’s stock, valued at approximately $336,000.

A number of other institutional investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the third quarter valued at about $25,000. Atala Financial Inc purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $27,000. Collier Financial acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC raised its position in shares of McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCD has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note 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. Barclays increased their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Citigroup raised their target price 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, Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on 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 owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction 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 approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

Shares of NYSE MCD opened at $297.45 on Friday. The stock has a market capitalization of $212.52 billion, a PE ratio of 26.11, a P/E/G ratio of 3.10 and a beta of 0.71. The business’s fifty day moving average price is $296.86 and its 200-day moving average price is $296.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32.

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

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio 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.