Envestnet Portfolio Solutions Inc. Has $11.07 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Envestnet Portfolio Solutions Inc. reduced its position in McDonald’s Co. (NYSE:MCD) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 38,181 shares of the fast-food giant’s stock after selling 440 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in McDonald’s were worth $11,068,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MCD. United Bank lifted its position in McDonald’s by 3.5% during the third quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock worth $1,963,000 after acquiring an additional 218 shares during the last quarter. Schear Investment Advisers LLC lifted its position in McDonald’s by 2.1% during the third quarter. Schear Investment Advisers LLC now owns 2,494 shares of the fast-food giant’s stock worth $759,000 after acquiring an additional 52 shares during the last quarter. BCGM Wealth Management LLC lifted its position in McDonald’s by 6.6% during the third quarter. BCGM Wealth Management LLC now owns 1,818 shares of the fast-food giant’s stock worth $554,000 after acquiring an additional 112 shares during the last quarter. GoalVest Advisory LLC increased its holdings in shares of McDonald’s by 6.3% during the third quarter. GoalVest Advisory LLC now owns 5,215 shares of the fast-food giant’s stock worth $1,588,000 after purchasing an additional 311 shares during the period. Finally, Peterson Financial Group Inc. bought a new position in shares of McDonald’s during the third quarter worth approximately $58,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, 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 33,504 shares of company stock worth $10,206,575 over the last quarter. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $300.00 on Monday. The firm has a market cap of $214.34 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm’s fifty day moving average is $296.96 and its 200-day moving average is $296.91. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

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

McDonald’s Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent research reports. BMO Capital Markets raised their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Citigroup raised their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. KeyCorp raised their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Truist Financial decreased their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays lifted their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Company 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.