Richard C. Young & CO. LTD. Acquires 464 Shares of McDonald’s Co. (NYSE:MCD)

Richard C. Young & CO. LTD. lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 43,849 shares of the fast-food giant’s stock after purchasing an additional 464 shares during the period. Richard C. Young & CO. LTD.’s holdings in McDonald’s were worth $12,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. Riversedge Advisors LLC grew its holdings in McDonald’s by 2.0% during the 3rd quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock worth $513,000 after acquiring an additional 33 shares during the last quarter. Proquility Private Wealth Partners LLC grew its stake in shares of McDonald’s by 1.0% during the third quarter. Proquility Private Wealth Partners LLC now owns 3,472 shares of the fast-food giant’s stock valued at $1,057,000 after purchasing an additional 35 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of McDonald’s by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after purchasing an additional 35 shares in the last quarter. GDS Wealth Management raised its position in McDonald’s by 1.4% in the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after purchasing an additional 35 shares during the last quarter. Finally, Boltwood Capital Management lifted its holdings in McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after buying an additional 35 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MCD shares. Citigroup boosted their target price on McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Wedbush reissued an “outperform” rating and set a $295.00 price objective on shares of McDonald’s in a report on Wednesday, October 23rd. KeyCorp reduced their target price on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Truist Financial dropped their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $318.86.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. This trade represents a 10.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,406 shares of company stock valued at $2,150,857. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $294.39 on Friday. The stock has a market capitalization of $210.97 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock’s 50 day moving average price is $290.70 and its two-hundred day moving average price is $290.64.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.40%. 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, Russia, Spain, and the U.K.