McDonald’s Co. (NYSE:MCD) Shares Acquired by Leo Wealth LLC

Leo Wealth LLC boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,724 shares of the fast-food giant’s stock after acquiring an additional 1,241 shares during the quarter. Leo Wealth LLC’s holdings in McDonald’s were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s in the third quarter valued at about $31,000. Hara Capital LLC acquired a new position in shares of McDonald’s during the third quarter worth about $44,000. Financial Life Planners purchased a new position in McDonald’s during the fourth quarter worth about $49,000. Finally, Peterson Financial Group Inc. acquired a new stake in McDonald’s in the third quarter valued at about $58,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. 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 stock in a transaction dated 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 owns 9,675 shares in the company, valued at $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 sold a total of 7,406 shares of company stock valued at $2,150,857 over the last 90 days. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Up 1.9 %

MCD opened at $294.37 on Friday. The business’s fifty day simple moving average is $290.75 and its 200 day simple moving average is $290.37. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a market cap of $210.95 billion, a P/E ratio of 25.84, a PEG ratio of 3.83 and a beta of 0.74.

McDonald’s Announces Dividend

The company 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 2.41%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Morgan Stanley dropped their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company raised their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Piper Sandler lowered their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Bank of America raised their price objective on shares of McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten equities 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 an average rating of “Moderate Buy” and a consensus price target of $318.86.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.