PYA Waltman Capital LLC Has $1.28 Million Position in McDonald’s Co. (NYSE:MCD)

PYA Waltman Capital LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,416 shares of the fast-food giant’s stock after acquiring an additional 89 shares during the quarter. PYA Waltman Capital LLC’s holdings in McDonald’s were worth $1,280,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Clear Creek Financial Management LLC lifted its position in McDonald’s by 2.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after buying an additional 35 shares in the last quarter. GDS Wealth Management raised its position in shares of McDonald’s by 1.4% in the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after buying an additional 35 shares in the last quarter. Boltwood Capital Management lifted its position in shares of McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after buying an additional 35 shares during the last quarter. McAdam LLC boosted its position in McDonald’s by 1.7% in the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock valued at $663,000 after buying an additional 36 shares in the last quarter. Finally, LCM Capital Management Inc grew its position in McDonald’s by 1.3% during the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock worth $879,000 after acquiring an additional 36 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 3,200 shares of McDonald’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the transaction, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. The trade was a 24.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,106 shares of company stock valued at $6,368,814 in the last three months. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the topic of several recent research reports. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Morgan Stanley boosted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Wedbush raised their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. BMO Capital Markets increased their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Piper Sandler lowered 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. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Trading Up 0.3 %

NYSE MCD opened at $302.89 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The stock’s 50 day moving average is $292.45 and its 200 day moving average is $293.51. The stock has a market cap of $217.06 billion, a PE ratio of 26.59, a P/E/G ratio of 3.09 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

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.