Millstone Evans Group LLC Invests $440,000 in McDonald’s Co. (NYSE:MCD)

Millstone Evans Group LLC purchased a new position in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,519 shares of the fast-food giant’s stock, valued at approximately $440,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth $25,000. Atala Financial Inc purchased a new position in shares of McDonald’s during the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s during the 4th quarter worth $27,000. Collier Financial purchased a new position in shares of McDonald’s during the 4th quarter worth $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on MCD shares. Loop Capital restated a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Barclays raised their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Piper Sandler decreased their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Citigroup raised their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Truist Financial decreased their price objective on shares of 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 research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.39.

McDonald’s Stock Down 0.6 %

McDonald’s stock opened at $305.07 on Friday. The company’s 50-day moving average price is $298.75 and its 200-day moving average price is $297.38. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a market cap of $217.96 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. As a group, sell-side analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction dated Thursday, February 27th. The shares were 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 directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now directly owns 13,978 shares of the company’s stock, valued at approximately $4,263,290. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% 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.