McDonald’s Co. (NYSE:MCD) Shares Purchased by Canopy Partners LLC

Canopy Partners LLC raised its position in McDonald’s Co. (NYSE:MCD) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,653 shares of the fast-food giant’s stock after purchasing an additional 246 shares during the period. Canopy Partners LLC’s holdings in McDonald’s were worth $1,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. U S Wealth Group LLC. acquired a new position in McDonald’s during the fourth quarter worth about $2,305,000. Twin Capital Management Inc. lifted its stake in McDonald’s by 62.0% in the 4th quarter. Twin Capital Management Inc. now owns 2,351 shares of the fast-food giant’s stock worth $682,000 after purchasing an additional 900 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of McDonald’s by 15.8% during the 4th quarter. Invesco Ltd. now owns 4,277,907 shares of the fast-food giant’s stock worth $1,240,122,000 after purchasing an additional 583,649 shares during the last quarter. Certior Financial Group LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $386,000. Finally, Polymer Capital Management US LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $404,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 5.8 %

Shares of NYSE MCD opened at $299.68 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The stock has a market cap of $214.11 billion, a P/E ratio of 26.31, a PEG ratio of 3.10 and a beta of 0.62. The business’s fifty day simple moving average is $304.34 and its 200-day simple moving average is $298.80.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $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 have sold a total of 27,497 shares of company stock worth $8,461,400 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MCD shares. Citigroup lowered their price objective on McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a research note on Thursday. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. BMO Capital Markets lifted their target price 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. Barclays raised their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Truist Financial reduced their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Nine equities research 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, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $323.30.

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.