Advisors Asset Management Inc. Has $10.75 Million Stake in McDonald’s Co. (NYSE:MCD)

Advisors Asset Management Inc. trimmed its position in McDonald’s Co. (NYSE:MCD) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,093 shares of the fast-food giant’s stock after selling 3,645 shares during the quarter. Advisors Asset Management Inc.’s holdings in McDonald’s were worth $10,753,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the third quarter valued at $25,000. Atala Financial Inc acquired a new position in shares of McDonald’s in the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald’s in the fourth quarter valued at $27,000. Collier Financial acquired a new position in shares of McDonald’s in the fourth quarter valued at $29,000. Finally, Fairway Wealth LLC raised its stake in shares of McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. 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 939 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the sale, the insider now owns 13,978 shares of the company’s stock, valued at $4,263,290. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % 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 valued at $10,206,575 over the last 90 days. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. KeyCorp increased their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. TD Securities reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Piper Sandler dropped their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Citigroup increased their price objective on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Truist Financial dropped their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.39.

McDonald’s Stock Up 1.4 %

McDonald’s stock opened at $304.01 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The business’s 50-day simple moving average is $297.20 and its 200 day simple moving average is $297.02. The stock has a market cap of $217.20 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 3.10 and a beta of 0.71.

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 the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 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.