EverSource Wealth Advisors LLC Has $2.56 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

EverSource Wealth Advisors LLC grew its position in McDonald’s Co. (NYSE:MCD) by 3.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,821 shares of the fast-food giant’s stock after purchasing an additional 308 shares during the period. EverSource Wealth Advisors LLC’s holdings in McDonald’s were worth $2,557,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the fourth quarter valued at about $27,000. Collier Financial bought a new position in shares of McDonald’s in the fourth quarter valued at about $29,000. Fairway Wealth LLC raised its holdings 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. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the third quarter valued at about $31,000. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on 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 directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

Shares of MCD opened at $299.40 on Thursday. The stock has a 50 day simple moving average of $296.76 and a 200 day simple moving average of $296.70. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a market capitalization of $213.91 billion, a PE ratio of 26.29, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Dividend Announcement

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 given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. McDonald’s’s dividend payout ratio is presently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research analyst reports. Citigroup lifted their price target on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Morgan Stanley boosted their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. BMO Capital Markets boosted their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird boosted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.