McDonald’s Co. (NYSE:MCD) Shares Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC grew its position in shares of McDonald’s Co. (NYSE:MCD) by 26,948.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,752 shares of the fast-food giant’s stock after purchasing an additional 226,910 shares during the period. Strategic Financial Concepts LLC’s holdings in McDonald’s were worth $66,023,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in McDonald’s in the 3rd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the third quarter valued at $31,000. Hara Capital LLC purchased a new position in McDonald’s during the third quarter worth about $44,000. Financial Life Planners acquired a new stake in McDonald’s in the 4th quarter worth about $49,000. Finally, Peterson Financial Group Inc. purchased a new stake in McDonald’s in the 3rd quarter valued at about $58,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

Shares of MCD opened at $294.37 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market cap of $210.95 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 3.83 and a beta of 0.74. The firm has a fifty day moving average of $290.75 and a 200-day moving average of $290.37.

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 issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Evercore ISI boosted their price objective on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Wedbush reaffirmed an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Wednesday, October 23rd. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $318.86.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares of the company’s stock, 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 have sold a total of 7,406 shares of company stock worth $2,150,857 in the last three months. 0.23% of the stock is owned by company insiders.

McDonald’s Company Profile

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.