Legacy Financial Advisors Inc. Buys 207 Shares of McDonald’s Co. (NYSE:MCD)

Legacy Financial Advisors Inc. increased its stake in McDonald’s Co. (NYSE:MCD) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,626 shares of the fast-food giant’s stock after purchasing an additional 207 shares during the period. Legacy Financial Advisors Inc.’s holdings in McDonald’s were worth $1,372,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after buying an additional 262,147 shares in the last quarter. Northern Trust Corp boosted its stake in McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after buying an additional 151,161 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in McDonald’s by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after buying an additional 237,532 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in McDonald’s by 4.5% in the third quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock valued at $1,209,171,000 after buying an additional 199,657 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in McDonald’s by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock valued at $1,159,877,000 after buying an additional 26,147 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MCD shares. Stephens reaffirmed an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a research note on Monday, February 5th. Morgan Stanley cut their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Truist Financial cut their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank of Canada cut their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Finally, Argus reaffirmed a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $2.96 during midday trading on Friday, hitting $270.32. 2,642,344 shares of the stock traded hands, compared to its average volume of 3,812,742. The company has a market cap of $194.90 billion, a PE ratio of 22.95, a P/E/G ratio of 2.91 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The business has a 50 day moving average price of $279.53 and a two-hundred day moving average price of $282.35.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts forecast that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed 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 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s payout ratio is 56.71%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The stock was 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 directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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.