Proficio Capital Partners LLC Has $591,000 Holdings in McDonald’s Co. (NYSE:MCD)

Proficio Capital Partners LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 50.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,038 shares of the fast-food giant’s stock after buying an additional 686 shares during the period. Proficio Capital Partners LLC’s holdings in McDonald’s were worth $591,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MCD. United Bank raised its holdings in shares of McDonald’s by 3.5% in the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after purchasing an additional 218 shares during the period. Quest Partners LLC boosted its position in shares of McDonald’s by 233.8% during the 3rd quarter. Quest Partners LLC now owns 1,552 shares of the fast-food giant’s stock worth $473,000 after acquiring an additional 1,087 shares in the last quarter. Certified Advisory Corp boosted its position in McDonald’s by 20.9% in the third quarter. Certified Advisory Corp now owns 1,493 shares of the fast-food giant’s stock valued at $455,000 after buying an additional 258 shares in the last quarter. StoneX Group Inc. boosted its position in McDonald’s by 5.4% in the third quarter. StoneX Group Inc. now owns 14,106 shares of the fast-food giant’s stock valued at $4,296,000 after buying an additional 722 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC boosted its position in McDonald’s by 3.0% in the third quarter. Wescott Financial Advisory Group LLC now owns 1,265 shares of the fast-food giant’s stock valued at $385,000 after buying an additional 37 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.6 %

McDonald’s stock opened at $305.07 on Monday. The firm’s 50 day simple moving average is $298.75 and its 200 day simple moving average is $297.53. The firm has a market capitalization of $217.96 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly 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 net margin of 31.73% and a negative return on equity of 181.63%. Research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. Barclays raised their price target on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Bank of America lifted their price target on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Wedbush lifted their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird boosted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.39.

Insider Activity

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,405 shares of company stock valued at $9,886,656. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

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.