Physicians Financial Services Inc. Has $5.87 Million Stake in McDonald’s Co. (NYSE:MCD)

Physicians Financial Services Inc. boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 20,262 shares of the fast-food giant’s stock after acquiring an additional 375 shares during the period. McDonald’s comprises about 1.8% of Physicians Financial Services Inc.’s holdings, making the stock its 12th biggest position. Physicians Financial Services Inc.’s holdings in McDonald’s were worth $5,874,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Kennebec Savings Bank acquired a new position in shares of McDonald’s in the 3rd quarter worth approximately $1,394,000. YANKCOM Partnership bought a new stake in shares of McDonald’s during the fourth quarter worth approximately $1,628,000. Charles Schwab Investment Management Inc. boosted its stake in McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after acquiring an additional 2,997 shares during the last quarter. Finally, PFW Advisors LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $2,471,000. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was 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 in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction 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 completion of the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. This represents a 24.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,106 shares of company stock valued at $6,368,814. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MCD. 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 report on Tuesday, February 4th. Morgan Stanley lifted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Wedbush raised their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Barclays increased their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Trading Up 0.3 %

MCD opened at $302.89 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm’s 50 day simple moving average is $292.45 and its two-hundred day simple moving average is $293.51. The company has a market capitalization of $217.06 billion, a PE ratio of 26.59, a PEG ratio of 3.09 and a beta of 0.74.

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

McDonald’s Announces Dividend

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

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.