McDonald’s Co. (NYSE:MCD) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in McDonald’s Co. (NYSE:MCD) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,897 shares of the fast-food giant’s stock after acquiring an additional 1,164 shares during the period. Oppenheimer & Co. Inc.’s holdings in McDonald’s were worth $15,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Clear Creek Financial Management LLC lifted its position in McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after buying an additional 35 shares in the last quarter. GDS Wealth Management lifted its position in shares of McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock worth $762,000 after purchasing an additional 35 shares in the last quarter. Boltwood Capital Management lifted its position in shares of McDonald’s by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares in the last quarter. LCM Capital Management Inc lifted its position in shares of McDonald’s by 1.3% during the third quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock worth $879,000 after purchasing an additional 36 shares in the last quarter. Finally, Modus Advisors LLC lifted its position in shares of McDonald’s by 0.4% during the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock worth $2,724,000 after purchasing an additional 36 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McDonald’s news, CMO Edith Morgan Flatley sold 3,200 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This represents a 24.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,504 shares of company stock valued at $9,897,305 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

McDonald’s stock opened at $304.02 on Thursday. The firm has a market capitalization of $217.87 billion, a P/E ratio of 26.69, a P/E/G ratio of 3.10 and a beta of 0.74. The company has a 50-day simple moving average of $293.36 and a 200-day simple moving average of $294.72. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.33%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCD. Robert W. Baird lifted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. TD Securities restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. BMO Capital Markets lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Truist Financial dropped their price target on shares of 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, Wedbush lifted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $323.61.

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.