Parvin Asset Management LLC Makes New $267,000 Investment in McDonald’s Co. (NYSE:MCD)

Parvin Asset Management LLC bought a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 920 shares of the fast-food giant’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atala Financial Inc acquired a new stake in shares of McDonald’s in the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s during the 4th quarter worth $27,000. Collier Financial purchased a new position in shares of McDonald’s during the 4th quarter worth $29,000. Fairway Wealth LLC grew its holdings in shares of McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald’s during the 4th quarter worth $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares in the company, 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. In the last three months, insiders have sold 28,136 shares of company stock valued at $8,676,247. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup lowered their price target on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. KeyCorp increased their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Wedbush raised their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird lowered their target price on McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Ten analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.74.

McDonald’s Trading Down 0.7 %

MCD stock opened at $314.61 on Wednesday. The stock has a market cap of $224.97 billion, a P/E ratio of 27.62, a PEG ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company’s 50 day moving average is $308.71 and its two-hundred day moving average is $299.93.

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

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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.