Synergy Investment Management LLC Invests $269,000 in McDonald’s Co. (NYSE:MCD)

Synergy Investment Management LLC bought a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 928 shares of the fast-food giant’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Scott & Selber Inc. bought a new stake in McDonald’s in the 4th quarter valued at $232,000. Alta Capital Management LLC boosted its position in shares of McDonald’s by 9.7% in the fourth quarter. Alta Capital Management LLC now owns 13,032 shares of the fast-food giant’s stock valued at $3,778,000 after acquiring an additional 1,153 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of McDonald’s by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock valued at $1,650,692,000 after acquiring an additional 129,843 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in McDonald’s by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 119,102 shares of the fast-food giant’s stock worth $34,526,000 after acquiring an additional 4,439 shares during the period. Finally, Global Strategic Investment Solutions LLC raised its stake in McDonald’s by 42.6% in the 4th quarter. Global Strategic Investment Solutions LLC now owns 940 shares of the fast-food giant’s stock worth $272,000 after purchasing an additional 281 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MCD shares. Robert W. Baird increased their target price on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Truist Financial dropped their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Loop Capital reissued a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Finally, Piper Sandler dropped their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Trading Down 1.5 %

NYSE:MCD opened at $303.70 on Tuesday. The stock’s 50-day moving average is $294.31 and its 200-day moving average is $295.64. The stock has a market cap of $216.98 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

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, equities analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were 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 directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by company 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.