3,982 Shares in McDonald's Co. (NYSE:MCD) Bought by Note Advisors LLC

Note Advisors LLC purchased 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 disclosure with the Securities and Exchange Commission. The fund purchased 3,982 shares of the fast-food giant's stock, valued at approximately $1,154,000. McDonald's accounts for about 1.0% of Note Advisors LLC's holdings, making the stock its 28th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of MCD. Atala Financial Inc bought a new position in McDonald's in the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's in the 4th quarter worth approximately $27,000. Collier Financial acquired a new position in McDonald's in the 4th quarter worth approximately $29,000. Fairway Wealth LLC boosted its stake in McDonald's by 110.0% in 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. acquired a new position in McDonald's in the 4th quarter worth approximately $30,000. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. Bank of America raised their price objective on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Truist Financial set a $350.00 target price on shares of McDonald's in a report on Friday, May 2nd. Robert W. Baird raised their price target 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. Finally, Morgan Stanley decreased their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Eleven investment 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $325.91.

Insider Transactions at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,436 shares of company stock worth $4,458,290 in the last three months. Insiders own 0.25% of the company's stock.

McDonald's Stock Down 0.5%

MCD opened at $319.63 on Wednesday. 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 simple moving average of $310.92 and a 200 day simple moving average of $301.07. The stock has a market cap of $228.55 billion, a P/E ratio of 28.06, a P/E/G ratio of 3.10 and a beta of 0.57.

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

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.22%. McDonald's's dividend 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.

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