92,629 Shares in McDonald's Co. (NYSE:MCD) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 92,629 shares of the fast-food giant's stock, valued at approximately $26,852,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in shares of McDonald's in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald's during the 4th quarter worth approximately $27,000. Collier Financial purchased a new position in McDonald's in the 4th quarter worth approximately $29,000. Fairway Wealth LLC lifted its position in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald's during the fourth quarter valued at approximately $30,000. Institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This represents a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,136 shares of company stock worth $8,676,247 over the last quarter. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MCD. Wedbush upped their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Bank of America upped their price objective on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Piper Sandler reduced their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, BMO Capital Markets increased their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $322.74.

McDonald's Stock Performance

Shares of MCD traded up $2.27 during trading hours on Wednesday, hitting $316.77. The company had a trading volume of 1,483,390 shares, compared to its average volume of 3,561,452. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a fifty day moving average price of $308.71 and a 200-day moving average price of $299.93. The stock has a market capitalization of $226.51 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 3.10 and a beta of 0.62.

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

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

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.