McDonald's Co. (NYSE:MCD) Shares Purchased by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group raised its position in McDonald's Co. (NYSE:MCD - Free Report) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,451 shares of the fast-food giant's stock after purchasing an additional 936 shares during the quarter. Rehmann Capital Advisory Group's holdings in McDonald's were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in McDonald's during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald's during the fourth quarter valued at $27,000. Collier Financial bought a new stake in shares of McDonald's during the fourth quarter valued at about $29,000. Fairway Wealth LLC lifted its holdings in McDonald's by 110.0% in the fourth 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. bought a new position in McDonald's in the 4th quarter valued at about $30,000. Institutional investors own 70.29% of the company's stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now owns 13,978 shares in the company, valued at approximately $4,263,290. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,136 shares of company stock valued at $8,676,247. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MCD shares. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Bank of America upped their target price on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. KeyCorp upped their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Finally, Truist Financial lowered their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.74.

McDonald's Stock Down 0.7 %

NYSE:MCD opened at $314.61 on Wednesday. The firm has a market capitalization of $224.97 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock's 50-day simple moving average is $308.71 and its 200 day simple moving average is $299.93.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

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.

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