Orion Portfolio Solutions LLC Has $14.01 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Orion Portfolio Solutions LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 8.7% in the 4th quarter, HoldingsChannel reports. The fund owned 48,309 shares of the fast-food giant’s stock after acquiring an additional 3,876 shares during the period. Orion Portfolio Solutions LLC’s holdings in McDonald’s were worth $14,005,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s in the third quarter worth approximately $25,000. Atala Financial Inc acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the 4th quarter valued at $27,000. Collier Financial acquired a new position in shares of McDonald’s during the 4th quarter valued at $29,000. Finally, Fairway Wealth LLC boosted its stake in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $306.95 on Friday. The firm has a market cap of $219.31 billion, a PE ratio of 26.95, a P/E/G 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 stock has a fifty day moving average price of $301.52 and a 200-day moving average price of $298.10.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. As a group, equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.31%. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,405 shares of company stock valued at $9,886,656. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MCD. BMO Capital Markets increased their price objective on shares of 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 cut their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Robert W. Baird boosted their price objective on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. increased their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Citigroup boosted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.