RBO & Co. LLC Purchases 678 Shares of McDonald’s Co. (NYSE:MCD)

RBO & Co. LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,050 shares of the fast-food giant’s stock after purchasing an additional 678 shares during the quarter. McDonald’s comprises approximately 5.3% of RBO & Co. LLC’s investment portfolio, making the stock its 3rd largest holding. RBO & Co. LLC’s holdings in McDonald’s were worth $32,482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atala Financial Inc bought a new position in shares of McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s in the 4th quarter worth about $27,000. Collier Financial bought a new position in McDonald’s during the fourth quarter valued at about $29,000. Fairway Wealth LLC grew its position in McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new stake in McDonald’s during the fourth quarter worth about $30,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $314.61 on Wednesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company’s 50 day moving average price is $308.71 and its 200-day moving average price is $299.93. The stock has a market capitalization of $224.97 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last announced 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%. As a group, equities research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed 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 2.25%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citigroup cut their price target on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. Piper Sandler lowered their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Finally, Morgan Stanley dropped their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus price target of $322.74.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value 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 approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is currently owned by insiders.

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.