Stenger Family Office LLC Takes Position in McDonald's Co. (NYSE:MCD)

Stenger Family Office LLC purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,625 shares of the fast-food giant's stock, valued at approximately $1,921,000.

Several other hedge funds have also bought and sold shares of MCD. Atala Financial Inc bought a new stake in shares of McDonald's in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in McDonald's during the fourth quarter valued at $27,000. Collier Financial purchased a new position in McDonald's during 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 worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, Marshall Investment Management LLC purchased a new stake in shares of McDonald's in the fourth quarter worth $37,000. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MCD. TD Securities reiterated a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Piper Sandler dropped their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Citigroup reduced their price target on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Truist Financial lowered their price objective 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. Finally, KeyCorp lifted their target price on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $322.87.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 300 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock valued at $8,461,400 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.72 during midday trading on Friday, hitting $310.82. The company had a trading volume of 2,726,918 shares, compared to its average volume of 3,587,186. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a fifty day moving average of $307.38 and a two-hundred day moving average of $299.29. The company has a market cap of $222.07 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.10 and a beta of 0.62.

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

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

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.