Everett Harris & Co. CA Buys 1,427 Shares of McDonald’s Co. (NYSE:MCD)

Everett Harris & Co. CA raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 400,761 shares of the fast-food giant’s stock after purchasing an additional 1,427 shares during the period. McDonald’s comprises 1.7% of Everett Harris & Co. CA’s portfolio, making the stock its 12th largest holding. Everett Harris & Co. CA’s holdings in McDonald’s were worth $118,830,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Shulman DeMeo Asset Management LLC boosted its holdings in shares of McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC lifted its holdings in shares of McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after purchasing an additional 450 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares in the last quarter. Mengis Capital Management Inc. increased its position in McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after buying an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its holdings in McDonald’s by 7.7% in the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

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

Analyst Ratings Changes

Several analysts have weighed in on MCD shares. Truist Financial dropped their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Argus reissued a “hold” rating on shares of McDonald’s in a report on Monday. Stifel Nicolaus raised their target price on shares of McDonald’s from $285.00 to $322.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Eight analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $320.60.

McDonald’s Price Performance

Shares of MCD stock traded up $3.40 on Wednesday, hitting $282.02. The stock had a trading volume of 2,564,848 shares, compared to its average volume of 3,185,269. The company’s 50 day moving average price is $290.82 and its 200-day moving average price is $280.92. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The firm has a market capitalization of $203.63 billion, a P/E ratio of 24.38, a P/E/G ratio of 3.01 and a beta of 0.72.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.59 earnings per share. On average, equities analysts forecast that McDonald’s Co. will post 12.38 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

McDonald’s Company 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.