North Forty Two & Co. Makes New $655,000 Investment in McDonald’s Co. (NYSE:MCD)

North Forty Two & Co. purchased a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,258 shares of the fast-food giant’s stock, valued at approximately $655,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth about $25,000. Atala Financial Inc bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $27,000. Collier Financial bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC raised 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 worth $30,000 after purchasing an additional 55 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Down 0.1 %

MCD stock opened at $303.60 on Wednesday. The company has a market capitalization of $216.91 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a 50 day moving average of $297.49 and a two-hundred day moving average of $297.13.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS 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%. On average, research analysts expect 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. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.33%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Insiders Place Their Bets

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock valued at $10,206,575 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of research reports. Citigroup boosted their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Bank of America boosted their target price on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. BMO Capital Markets boosted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. KeyCorp boosted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Truist Financial dropped their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Nine 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. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $323.39.

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.