McDonald’s Co. (NYSE:MCD) Shares Acquired by Summitry LLC

Summitry LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,604 shares of the fast-food giant’s stock after acquiring an additional 1,476 shares during the quarter. Summitry LLC’s holdings in McDonald’s were worth $5,393,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth $25,000. Atala Financial Inc acquired a new stake in McDonald’s in the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the 4th quarter worth about $27,000. Collier Financial acquired a new position in shares of McDonald’s during the 4th quarter worth about $29,000. Finally, Fairway Wealth LLC increased its holdings in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,405 shares of company stock worth $9,886,656 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on MCD. JPMorgan Chase & Co. upped their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. BMO Capital Markets increased their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Citigroup upped their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley cut their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research report on Monday, March 17th. Finally, Truist Financial decreased their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $323.39.

McDonald’s Stock Up 0.4 %

NYSE MCD opened at $307.01 on Wednesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a 50-day moving average price of $299.72 and a 200 day moving average price of $297.78. The stock has a market capitalization of $219.35 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

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, Spain, and the U.K.