McDonald’s Co. (NYSE:MCD) Position Raised by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC grew its position in shares of McDonald’s Co. (NYSE:MCD) by 8.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,724 shares of the fast-food giant’s stock after purchasing an additional 605 shares during the quarter. Nicolet Advisory Services LLC’s holdings in McDonald’s were worth $2,180,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $25,000. Atala Financial Inc acquired a new position in McDonald’s in the fourth quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the 4th quarter valued at $27,000. Collier Financial bought a new stake in shares of McDonald’s during the 4th quarter worth $29,000. Finally, Fairway Wealth LLC grew its holdings in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MCD shares. Loop Capital reiterated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Robert W. Baird boosted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Bank of America raised their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. KeyCorp increased their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Finally, BMO Capital Markets boosted their price target on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling at McDonald’s

In other news, CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 $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. In the last 90 days, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of MCD stock opened at $311.69 on Thursday. The firm has a fifty day moving average of $303.38 and a 200-day moving average of $298.56. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock has a market cap of $222.69 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

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.