Susquehanna Fundamental Investments LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 92,629 shares of the fast-food giant’s stock, valued at approximately $26,852,000.

Several other institutional investors have also recently made changes to their positions in the company. Atala Financial Inc purchased a new stake in shares of McDonald’s in the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial bought a new stake in McDonald’s during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC grew its stake in 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 buying an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of McDonald’s in the 4th quarter worth $30,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Wedbush increased their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Piper Sandler reduced their price target 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. Finally, Bank of America boosted their price objective 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. Ten investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $322.74.

McDonald’s Price Performance

MCD stock opened at $316.60 on Friday. The firm has a 50-day moving average of $308.18 and a 200 day moving average of $299.80. The company has a market cap of $226.20 billion, a P/E ratio of 27.80, a PEG ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given 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 yield of 2.24%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock valued at $8,676,247 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

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.