UP Strategic Wealth Investment Advisors LLC Has $532,000 Stake in McDonald’s Co. (NYSE:MCD)

UP Strategic Wealth Investment Advisors LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,836 shares of the fast-food giant’s stock after purchasing an additional 279 shares during the quarter. UP Strategic Wealth Investment Advisors LLC’s holdings in McDonald’s were worth $532,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Atala Financial Inc bought a new position in shares of McDonald’s in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new position in McDonald’s during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC boosted its holdings in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald’s during the 4th quarter worth $30,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on MCD shares. Citigroup lowered their target price on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. KeyCorp raised their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. BMO Capital Markets raised their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Robert W. Baird reduced their price target on McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, Bank of America increased their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $322.74.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,099 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $304.60, for a total transaction of $334,755.40. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $475,176. The trade was a 41.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at $2,964,892.08. The trade was a 24.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock worth $8,676,247 in the last quarter. 0.25% of the stock is owned by company insiders.

McDonald’s Stock Performance

NYSE MCD opened at $316.13 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company has a 50-day simple moving average of $307.94 and a 200 day simple moving average of $299.70. The company has a market capitalization of $225.86 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

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

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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.