Pekao Towarzystwo Funduszy Inwestycyjnych S.A. Purchases Shares of 1,634 McDonald’s Corporation $MCD

Pekao Towarzystwo Funduszy Inwestycyjnych S.A. purchased a new stake in McDonald’s Corporation (NYSE:MCD) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,634 shares of the fast-food giant’s stock, valued at approximately $499,000.

Several other institutional investors also recently modified their holdings of MCD. Brighton Jones LLC increased its holdings in shares of McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after buying an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after buying an additional 52 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of McDonald’s by 11.4% in the second quarter. Sivia Capital Partners LLC now owns 2,017 shares of the fast-food giant’s stock valued at $589,000 after buying an additional 206 shares in the last quarter. United Bank increased its holdings in shares of McDonald’s by 6.0% in the second quarter. United Bank now owns 8,102 shares of the fast-food giant’s stock valued at $2,367,000 after buying an additional 459 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in shares of McDonald’s by 2.5% in the second quarter. Schnieders Capital Management LLC. now owns 12,938 shares of the fast-food giant’s stock valued at $3,780,000 after buying an additional 312 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 26,277 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $331.35, for a total value of $8,706,883.95. Following the transaction, the chief executive officer directly owned 22,900 shares of the company’s stock, valued at approximately $7,587,915. This represents a 53.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jonathan Banner sold 6,201 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $333.29, for a total transaction of $2,066,731.29. Following the completion of the transaction, the executive vice president directly owned 2,291 shares in the company, valued at $763,567.39. This trade represents a 73.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 71,657 shares of company stock valued at $23,723,307. 0.25% of the stock is owned by insiders.

McDonald’s Stock Up 1.6%

Shares of NYSE:MCD opened at $311.78 on Friday. McDonald’s Corporation has a 12-month low of $283.47 and a 12-month high of $341.75. The company has a market cap of $221.63 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.73 and a beta of 0.53. The company’s fifty day moving average is $319.62 and its two-hundred day moving average is $311.82.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.07. McDonald’s had a net margin of 31.85% and a negative return on equity of 343.90%. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the prior year, the business posted $2.83 earnings per share. McDonald’s’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were paid a $1.86 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.4%. McDonald’s’s dividend payout ratio is 62.26%.

Analyst Ratings Changes

Several research analysts have issued reports on MCD shares. Erste Group Bank raised McDonald’s from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Truist Financial upped their price target on McDonald’s from $356.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Barclays boosted their target price on shares of McDonald’s from $372.00 to $380.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada boosted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. Finally, BTIG Research boosted their target price on shares of McDonald’s from $360.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $339.69.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.