Strategic Financial Services Inc. Has $519,000 Stock Position in McDonald’s Co. (NYSE:MCD)

Strategic Financial Services Inc. increased its position in shares of McDonald’s Co. (NYSE:MCD) by 119.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,790 shares of the fast-food giant’s stock after acquiring an additional 975 shares during the quarter. Strategic Financial Services Inc.’s holdings in McDonald’s were worth $519,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MCD. Mattern Capital Management LLC boosted its position in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after buying an additional 579 shares during the period. Bell Bank lifted its position in shares of McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership acquired a new stake in shares of McDonald’s during the fourth quarter worth approximately $1,628,000. Charles Schwab Investment Management Inc. grew its position in McDonald’s by 0.9% during 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 purchasing an additional 49,106 shares in the last quarter. Finally, Integral Investment Advisors Inc. lifted its position in McDonald’s by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 value of $3,255,525.00. Following the completion of 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 three months, insiders sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent research reports. Citigroup boosted their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler decreased their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. TD Securities reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Morgan Stanley lowered their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday. 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 an average rating of “Moderate Buy” and a consensus target price of $323.39.

McDonald’s Stock Up 1.1 %

NYSE:MCD opened at $306.83 on Thursday. The firm has a market capitalization of $219.21 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock’s 50-day simple moving average is $297.89 and its 200 day simple moving average is $297.19.

McDonald’s (NYSE:MCD) last issued its 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 net margin of 31.73% and a negative return on equity of 181.63%. On average, analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

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