6,625 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Stenger Family Office LLC

Stenger Family Office LLC bought a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 6,625 shares of the fast-food giant’s stock, valued at approximately $1,921,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atala Financial Inc purchased a new stake in McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s during the fourth quarter worth $27,000. Collier Financial acquired a new stake in shares of McDonald’s in the fourth quarter valued at $29,000. Fairway Wealth LLC boosted its holdings in McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares during the period. Finally, Marshall Investment Management LLC acquired a new position in McDonald’s during the 4th quarter worth $37,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MCD. Truist Financial reduced their price target 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. BMO Capital Markets lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Robert W. Baird dropped their price objective on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Morgan Stanley decreased their price objective 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. Finally, Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Nine research 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’s stock. Based on data from MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus target price of $322.87.

McDonald’s Stock Down 1.2 %

Shares of MCD stock opened at $312.34 on Wednesday. The stock’s 50-day moving average price is $307.01 and its 200 day moving average price is $299.18. The stock has a market capitalization of $223.15 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

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

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 2.27%. McDonald’s’s payout ratio is currently 62.16%.

Insider Transactions at McDonald’s

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s 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 completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,497 shares of company stock worth $8,461,400. Company insiders own 0.23% of the company’s stock.

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.