854 Shares in McDonald's Co. (NYSE:MCD) Purchased by Aurdan Capital Management LLC

Aurdan Capital Management LLC purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 854 shares of the fast-food giant's stock, valued at approximately $248,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Atala Financial Inc acquired a new stake in shares of McDonald's during the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $27,000. Collier Financial bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $29,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $29,000. Finally, Fairway Wealth LLC increased its stake in shares of McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Truist Financial set a $350.00 price objective on shares of McDonald's in a research note on Friday, May 2nd. Citigroup lifted their price objective on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Morgan Stanley lowered their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Finally, Barclays upped their price objective on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $325.91.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.6%

MCD stock traded up $2.02 during midday trading on Friday, reaching $313.88. The company's stock had a trading volume of 1,243,731 shares, compared to its average volume of 3,496,101. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a market cap of $224.44 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The business's 50-day simple moving average is $312.27 and its 200-day simple moving average is $301.89.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion for 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 business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $2.70 earnings per share. As a group, equities analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.26%. McDonald's's payout ratio is currently 62.49%.

McDonald's 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.