Kestra Investment Management LLC Invests $152,000 in McDonald’s Co. (NYSE:MCD)

Kestra Investment Management LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 524 shares of the fast-food giant’s stock, valued at approximately $152,000.

A number of other institutional investors have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the third quarter worth about $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $27,000. Collier Financial acquired a new position in McDonald’s in the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s during the 3rd quarter worth approximately $31,000. Finally, Hara Capital LLC acquired a new stake in McDonald’s during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Bank of America raised their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Morgan Stanley raised their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Barclays upped their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. KeyCorp raised their price target 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. Finally, TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Up 0.3 %

Shares of MCD stock opened at $302.89 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a market cap of $217.06 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.12 and a beta of 0.74. The business’s 50 day moving average is $292.45 and its two-hundred day moving average is $293.51.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting 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 expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,106 shares of company stock worth $6,368,814 in the last 90 days. 0.23% of the stock is owned by company insiders.

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, Spain, and the U.K.