1,072 Shares in McDonald's Co. (NYSE:MCD) Bought by Sunbeam Capital Management LLC

Sunbeam Capital Management LLC acquired 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 SEC. The firm acquired 1,072 shares of the fast-food giant's stock, valued at approximately $311,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mattern Capital Management LLC boosted its holdings in shares of McDonald's by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank raised its position in McDonald's by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after acquiring an additional 371 shares during the last quarter. YANKCOM Partnership acquired a new position in shares of McDonald's in the fourth quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. raised its position in shares of McDonald's by 2.6% in 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 during the last quarter. Finally, Aviva PLC raised its position in shares of McDonald's by 5.6% in 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 during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald's

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald'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 value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders sold 2,878 shares of company stock valued at $904,192 over the last three months. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of several research analyst reports. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. BTIG Research restated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Piper Sandler upped their price target on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. TD Securities reaffirmed a "hold" rating and issued a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. Finally, Truist Financial set a $350.00 target price on shares of McDonald's in a report on Friday, May 2nd. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Stock Performance

Shares of NYSE:MCD traded down $2.09 during trading hours on Wednesday, hitting $312.86. 1,933,308 shares of the company's stock traded hands, compared to its average volume of 3,531,653. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company's fifty day simple moving average is $311.99 and its two-hundred day simple moving average is $301.75. The company has a market cap of $223.71 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last posted 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. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the firm earned $2.70 earnings per share. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) 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.