Advanced Portfolio Management LLC Invests $1.31 Million in McDonald’s Co. (NYSE:MCD)

Advanced Portfolio Management LLC bought a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,520 shares of the fast-food giant’s stock, valued at approximately $1,305,000. McDonald’s comprises about 1.5% of Advanced Portfolio Management LLC’s holdings, making the stock its 22nd biggest holding.

Other institutional investors also recently modified their holdings of the company. Atala Financial Inc bought a new stake in shares of McDonald’s during the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s during the fourth quarter worth about $27,000. Collier Financial purchased a new position in shares of McDonald’s in the 4th quarter worth about $29,000. Fairway Wealth LLC increased its position in shares of McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald’s during the 4th quarter valued at about $30,000. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Price Performance

NYSE:MCD opened at $311.78 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market capitalization of $222.95 billion, a PE ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.62. The firm’s 50-day moving average price is $309.16 and its 200-day moving average price is $300.08.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the firm earned $2.70 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analyst Ratings Changes

Several brokerages have issued reports on MCD. Bank of America upped their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Truist Financial dropped their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, BMO Capital Markets upped their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $325.26.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now owns 12,100 shares in the company, valued at $3,853,850. This represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares of the company’s stock, 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. Over the last three months, insiders have sold 28,136 shares of company stock valued at $8,676,247. Insiders own 0.25% of the company’s stock.

McDonald’s 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.