United Capital Financial Advisors LLC Has $8.21 Million Stock Position in McDonald’s Co. (NYSE:MCD)

United Capital Financial Advisors LLC lowered its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 28,320 shares of the fast-food giant’s stock after selling 649 shares during the period. United Capital Financial Advisors LLC’s holdings in McDonald’s were worth $8,210,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of McDonald’s in the fourth quarter valued at approximately $2,725,190,000. Raymond James Financial Inc. bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $703,074,000. Franklin Resources Inc. boosted its position in McDonald’s by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock valued at $1,175,326,000 after buying an additional 794,536 shares during the period. APG Asset Management N.V. boosted its holdings in McDonald’s by 1,547.1% during the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock valued at $179,715,000 after acquiring an additional 602,976 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in shares of McDonald’s by 43,591.6% in the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock worth $171,241,000 after purchasing an additional 589,359 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock valued at $8,461,400 in the last 90 days. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Down 1.2 %

NYSE:MCD opened at $312.34 on Wednesday. The stock has a market cap of $223.15 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.10 and a beta of 0.62. The company’s 50 day moving average price is $307.01 and its 200-day moving average price is $299.18. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend 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%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MCD. Morgan Stanley reduced their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Piper Sandler dropped their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Citigroup cut their price target on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Bank of America upped their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets lifted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $322.87.

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.