Orion Portfolio Solutions LLC Purchases 3,876 Shares of McDonald’s Co. (NYSE:MCD)

Orion Portfolio Solutions LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 8.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,309 shares of the fast-food giant’s stock after acquiring an additional 3,876 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in McDonald’s were worth $14,005,000 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. Pictet Asset Management Holding SA boosted its holdings in McDonald’s by 13.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 412,764 shares of the fast-food giant’s stock worth $119,656,000 after purchasing an additional 50,090 shares during the last quarter. New Age Alpha Advisors LLC boosted its stake in shares of McDonald’s by 6,396.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 4,158 shares of the fast-food giant’s stock worth $1,205,000 after buying an additional 4,094 shares during the last quarter. Easterly Investment Partners LLC bought a new position in shares of McDonald’s in the 4th quarter valued at about $2,985,000. Norges Bank acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $2,725,190,000. Finally, Blair William & Co. IL raised its holdings in McDonald’s by 2.5% during the fourth quarter. Blair William & Co. IL now owns 343,731 shares of the fast-food giant’s stock worth $99,644,000 after acquiring an additional 8,437 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 research analysts have weighed in on MCD shares. Barclays raised their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. boosted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Wedbush upped their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Piper Sandler decreased their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Robert W. Baird upped their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock valued at $9,886,656 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Down 1.8 %

NYSE MCD opened at $306.95 on Friday. The company has a market cap of $219.31 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a 50 day moving average of $301.52 and a 200-day moving average of $298.10.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. On average, equities research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid 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 2.31%. 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, Spain, and the U.K.