First Horizon Advisors Inc. Has $16.84 Million Position in McDonald’s Co. (NYSE:MCD)

First Horizon Advisors Inc. lifted its holdings in McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,797 shares of the fast-food giant’s stock after acquiring an additional 356 shares during the quarter. First Horizon Advisors Inc.’s holdings in McDonald’s were worth $16,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Bell Private Wealth Management LLC grew its stake in McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s during the third quarter worth approximately $33,000. Keener Financial Planning LLC purchased a new position in McDonald’s during the fourth quarter valued at approximately $39,000. Bear Mountain Capital Inc. acquired a new position in McDonald’s in the 4th quarter valued at approximately $43,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in McDonald’s in the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated 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 transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’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 sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Wednesday. Erste Group Bank restated a “hold” rating on shares of McDonald’s in a research note on Wednesday, April 3rd. Bank of America raised their price target on McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Truist Financial lowered their price target on McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Argus reaffirmed a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $316.63.

McDonald’s Stock Performance

Shares of NYSE:MCD traded down $0.12 during trading on Thursday, hitting $274.31. 1,453,617 shares of the stock were exchanged, compared to its average volume of 3,309,256. The company has a market capitalization of $197.78 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The company’s fifty day simple moving average is $280.53 and its 200-day simple moving average is $282.27.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.63 EPS. On average, research analysts forecast that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.44%. McDonald’s’s payout ratio is currently 56.71%.

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.