2,836 Shares in McDonald’s Co. (NYSE:MCD) Bought by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV bought a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,836 shares of the fast-food giant’s stock, valued at approximately $807,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC bought a new stake in McDonald’s during the 3rd quarter worth about $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s during the 4th quarter worth about $27,000. Collier Financial bought a new stake in McDonald’s during the 4th quarter worth about $29,000. RPg Family Wealth Advisory LLC bought a new stake in McDonald’s during the 3rd quarter worth about $31,000. Finally, Hara Capital LLC bought a new stake in McDonald’s during the 3rd quarter worth about $44,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.3 %

McDonald’s stock opened at $302.89 on Friday. The stock has a market cap of $217.06 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.09 and a beta of 0.74. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company’s 50-day moving average price is $292.45 and its two-hundred day moving average price is $293.51.

McDonald’s (NYSE:MCD) last announced its 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%. Equities analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. McDonald’s’s payout ratio is presently 62.16%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MCD. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Piper Sandler cut 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. Bank of America boosted their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. 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. Finally, Citigroup upped their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,106 shares of company stock worth $6,368,814 in the last quarter. Corporate insiders own 0.23% 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.