2,105 Shares in McDonald's Co. (NYSE:MCD) Acquired by Fire Capital Management LLC

Fire Capital Management LLC purchased a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,105 shares of the fast-food giant's stock, valued at approximately $610,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mattern Capital Management LLC grew its holdings in McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank grew its stake in McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership bought a new stake in McDonald's in the fourth quarter valued at about $1,628,000. Integral Investment Advisors Inc. raised its stake in McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after buying an additional 164 shares in the last quarter. Finally, Aviva PLC raised its stake in McDonald's by 5.6% during the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after buying an additional 23,024 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Friday, May 23rd. The stock was 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 of the company's stock, valued at $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

McDonald's Price Performance

Shares of MCD traded down $0.36 during trading hours on Monday, reaching $311.72. 823,201 shares of the company's stock traded hands, compared to its average volume of 3,505,339. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The business's fifty day simple moving average is $312.40 and its two-hundred day simple moving average is $302.06. The firm has a market capitalization of $222.89 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 3.10 and a beta of 0.57.

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 the consensus estimate of $2.67. The firm 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%. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.70 EPS. On average, equities research analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.27%. McDonald's's payout ratio is 62.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MCD shares. Bank of America boosted their price target on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Truist Financial set a $350.00 price objective on shares of McDonald's in a report on Friday, May 2nd. Wedbush increased their target price on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. KeyCorp lifted their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Finally, Barclays boosted their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $325.91.

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.