Comprehensive Financial Planning Inc. PA Makes New $27,000 Investment in McDonald’s Co. (NYSE:MCD)

Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 94 shares of the fast-food giant’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the third quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s during the 3rd quarter worth approximately $31,000. Hara Capital LLC bought a new stake in McDonald’s during the 3rd quarter worth approximately $44,000. Financial Life Planners acquired a new position in McDonald’s in the 4th quarter valued at approximately $49,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of McDonald’s during the third quarter worth $58,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,406 shares of company stock valued at $2,150,857 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Up 4.7 %

Shares of NYSE:MCD opened at $308.22 on Tuesday. The stock has a market cap of $220.88 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 4.08 and a beta of 0.74. The business’s 50 day moving average is $290.70 and its 200 day moving average is $291.16. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. As a group, equities research analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. McDonald’s’s dividend payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MCD shares. Barclays increased their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $320.00 to $290.00 in a research report on Wednesday, October 23rd. TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Piper Sandler dropped their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, BMO Capital Markets increased their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $319.13.

About McDonald’s

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, Russia, Spain, and the U.K.