Envestnet Asset Management Inc. Purchases 47,132 Shares of McDonald’s Co. (NYSE:MCD)

Envestnet Asset Management Inc. raised its position in shares of McDonald’s Co. (NYSE:MCD) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,234,792 shares of the fast-food giant’s stock after acquiring an additional 47,132 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of McDonald’s worth $357,954,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the third quarter worth approximately $25,000. Atala Financial Inc bought a new position in shares of McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial bought a new stake in shares of McDonald’s in the 4th quarter valued at $29,000. Finally, Fairway Wealth LLC lifted its position in shares of McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the 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 completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were 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 owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,497 shares of company stock worth $8,461,400. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MCD shares. Wedbush raised their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Citigroup reduced their price objective on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets upped their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Piper Sandler reduced their price target 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, Morgan Stanley lowered their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $323.30.

McDonald’s Stock Down 5.8 %

Shares of NYSE:MCD opened at $299.68 on Friday. The stock has a market cap of $214.11 billion, a PE ratio of 26.31, a PEG ratio of 3.10 and a beta of 0.62. The company’s fifty day moving average is $304.34 and its 200 day moving average is $298.75. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 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.