4,520 Shares in McDonald's Co. (NYSE:MCD) Acquired by Advanced Portfolio Management LLC

Advanced Portfolio Management LLC acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,520 shares of the fast-food giant's stock, valued at approximately $1,305,000. McDonald's accounts for 1.5% of Advanced Portfolio Management LLC's holdings, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Atala Financial Inc acquired a new position in McDonald's in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's during the fourth quarter worth about $27,000. Collier Financial bought a new position in McDonald's in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC increased 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, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald's in the fourth quarter worth approximately $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald'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 of the company's stock, 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. Insiders have sold 28,136 shares of company stock valued at $8,676,247 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Truist Financial set a $350.00 price target on McDonald's in a report on Friday. Bank of America lifted their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Morgan Stanley decreased their target price on 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, Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Stock Performance

MCD stock traded up $0.80 on Wednesday, reaching $317.59. The company's stock had a trading volume of 722,072 shares, compared to its average volume of 3,562,211. The firm has a market cap of $227.10 billion, a PE ratio of 27.88, a PEG ratio of 3.10 and a beta of 0.57. The business has a fifty day simple moving average of $309.54 and a two-hundred day simple moving average of $300.00. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.70 EPS. As a group, research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 2.23%. McDonald's's payout ratio is 62.49%.

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.