Redwood Park Advisors LLC Takes $89,000 Position in McDonald’s Co. (NYSE:MCD)

Redwood Park Advisors LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 306 shares of the fast-food giant’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atala Financial Inc purchased a new stake in shares of McDonald’s during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald’s in the 4th quarter worth approximately $27,000. Collier Financial purchased a new position in McDonald’s in the 4th quarter worth approximately $29,000. Fairway Wealth LLC boosted its holdings 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 acquiring an additional 55 shares during the period. Finally, Marshall Investment Management LLC purchased a new position in McDonald’s in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $304.01 on Thursday. The firm has a market capitalization of $217.20 billion, a P/E ratio of 26.69, 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. The company’s fifty day moving average price is $305.38 and its 200-day moving average price is $298.93.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 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 EPS 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 $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insider Activity at McDonald’s

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was 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 approximately $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 a total of 27,497 shares of company stock worth $8,461,400 in the last 90 days. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

MCD has been the subject of a number of analyst reports. Robert W. Baird decreased their price target on McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a report on Monday. Bank of America upped their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Truist Financial cut their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Barclays upped their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, BMO Capital Markets upped their target price on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $322.87.

McDonald’s 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.