LifePlan Financial LLC Purchases Shares of 1,099 McDonald’s Co. (NYSE:MCD)

LifePlan Financial LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,099 shares of the fast-food giant’s stock, valued at approximately $326,000.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd raised its stake in McDonald’s by 103.4% during the 1st quarter. Covestor Ltd now owns 413 shares of the fast-food giant’s stock valued at $102,000 after purchasing an additional 210 shares during the period. NewEdge Advisors LLC raised its stake in McDonald’s by 7.7% during the 1st quarter. NewEdge Advisors LLC now owns 69,824 shares of the fast-food giant’s stock valued at $17,266,000 after purchasing an additional 5,007 shares during the period. Mackenzie Financial Corp raised its stake in McDonald’s by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 516,408 shares of the fast-food giant’s stock valued at $127,697,000 after purchasing an additional 23,643 shares during the period. Stevens Capital Management LP acquired a new stake in McDonald’s during the 1st quarter valued at $1,108,000. Finally, Equitable Holdings Inc. raised its stake in McDonald’s by 59.7% during the 1st quarter. Equitable Holdings Inc. now owns 9,338 shares of the fast-food giant’s stock valued at $2,309,000 after purchasing an additional 3,490 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MCD shares. Barclays cut their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. Truist Financial dropped their price target on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Stephens reaffirmed an “overweight” rating and issued a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, TD Cowen reiterated a “buy” rating and issued a $325.00 price objective on shares of McDonald’s in a report on Wednesday, April 10th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.17.

McDonald’s Trading Down 0.4 %

NYSE:MCD traded down $1.16 during mid-day trading on Monday, hitting $266.23. The company’s stock had a trading volume of 3,594,123 shares, compared to its average volume of 3,249,551. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The company has a market capitalization of $191.95 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 2.89 and a beta of 0.71. The stock has a fifty day moving average of $284.99 and a 200-day moving average of $280.75.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the business posted $2.59 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Co. will post 12.35 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.51%. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.