Soltis Investment Advisors LLC Purchases 77 Shares of McDonald’s Co. (NYSE:MCD)

Soltis Investment Advisors LLC raised its position in McDonald’s Co. (NYSE:MCD) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 2,946 shares of the fast-food giant’s stock after buying an additional 77 shares during the quarter. Soltis Investment Advisors LLC’s holdings in McDonald’s were worth $854,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s during the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth $31,000. Hara Capital LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth $44,000. Finally, Financial Life Planners bought a new stake in shares of McDonald’s during the 4th quarter worth $49,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MCD has been the subject of several recent research reports. Piper Sandler lowered 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 note on Tuesday, February 4th. Truist Financial lowered 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. Citigroup boosted their price target on shares of McDonald’s from $334.00 to $336.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their price target on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.13.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is currently owned by company insiders.

McDonald’s Price Performance

Shares of NYSE MCD opened at $308.22 on Tuesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company’s 50-day moving average is $290.70 and its 200 day moving average is $291.16. The stock has a market capitalization of $220.88 billion, a P/E ratio of 27.06, a P/E/G ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. Research analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 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, Russia, Spain, and the U.K.