TFR Capital LLC. Purchases Shares of 1,218 McDonald's Co. (NYSE:MCD)

TFR Capital LLC. purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,218 shares of the fast-food giant's stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MCD. Brighton Jones LLC grew its stake in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares during the period. Tennessee Valley Asset Management Partners bought a new position in McDonald's in the 4th quarter valued at $220,000. Drive Wealth Management LLC grew its stake in McDonald's by 3.6% in the 4th quarter. Drive Wealth Management LLC now owns 2,026 shares of the fast-food giant's stock valued at $587,000 after purchasing an additional 70 shares during the period. PFG Investments LLC grew its stake in shares of McDonald's by 0.8% during the 4th quarter. PFG Investments LLC now owns 14,936 shares of the fast-food giant's stock worth $4,330,000 after acquiring an additional 119 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of McDonald's by 14.9% during the 4th quarter. Blue Trust Inc. now owns 21,319 shares of the fast-food giant's stock worth $6,492,000 after acquiring an additional 2,761 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCD. Robert W. Baird increased their price target on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Barclays raised their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Piper Sandler raised their price target on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, TD Securities restated a "hold" rating and set a $300.00 price target on shares of McDonald's in a research report on Monday, February 10th. Twelve analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Trading Up 0.6%

NYSE:MCD traded up $1.82 during trading hours on Friday, reaching $313.68. 4,056,929 shares of the company traded hands, compared to its average volume of 3,526,384. The business's 50-day moving average price is $312.40 and its two-hundred day moving average price is $302.00. The stock has a market capitalization of $224.29 billion, a P/E ratio of 27.54, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (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 negative return on equity of 181.63% and a net margin of 31.73%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.70 earnings per share. As a group, equities analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the company'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 in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.

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.