Kestra Private Wealth Services LLC Has $15.36 Million Stake in McDonald’s Co. (NYSE:MCD)

Kestra Private Wealth Services LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 51,807 shares of the fast-food giant’s stock after acquiring an additional 284 shares during the period. Kestra Private Wealth Services LLC’s holdings in McDonald’s were worth $15,361,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MCD. Lodestone Wealth Management LLC lifted its position in shares of McDonald’s by 13.8% during the 3rd quarter. Lodestone Wealth Management LLC now owns 1,464 shares of the fast-food giant’s stock worth $386,000 after purchasing an additional 178 shares during the last quarter. Brookstone Capital Management boosted its position in shares of McDonald’s by 25.0% in the third quarter. Brookstone Capital Management now owns 48,627 shares of the fast-food giant’s stock valued at $12,564,000 after acquiring an additional 9,737 shares during the period. Sumitomo Life Insurance Co. grew its stake in shares of McDonald’s by 4.1% in the third quarter. Sumitomo Life Insurance Co. now owns 17,539 shares of the fast-food giant’s stock worth $4,620,000 after acquiring an additional 686 shares during the last quarter. Cavalier Investments LLC increased its position in McDonald’s by 3.4% during the third quarter. Cavalier Investments LLC now owns 7,341 shares of the fast-food giant’s stock worth $1,934,000 after acquiring an additional 244 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its stake in McDonald’s by 109.6% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 92,615 shares of the fast-food giant’s stock valued at $24,398,000 after purchasing an additional 48,428 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Up 0.2 %

MCD stock traded up $0.48 during trading on Monday, hitting $273.57. The company had a trading volume of 3,184,201 shares, compared to its average volume of 3,269,845. The firm has a 50-day moving average price of $281.31 and a 200-day moving average price of $282.15. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The stock has a market cap of $197.25 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.59 earnings per share. Equities analysts expect that McDonald’s Co. will post 12.34 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MCD shares. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Truist Financial reduced their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Evercore ISI restated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a research note on Wednesday, March 27th. Argus reiterated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, Stifel Nicolaus dropped their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $318.41.

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.