Matauro LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

Matauro LLC acquired a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 922 shares of the fast-food giant’s stock, valued at approximately $267,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new position in shares of McDonald’s during the 3rd quarter valued at $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the fourth quarter valued at $27,000. Collier Financial bought a new position in McDonald’s during the fourth quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the third quarter worth about $31,000. Finally, Hara Capital LLC acquired a new position in McDonald’s during the third quarter worth about $44,000. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on MCD. Truist Financial reduced their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. BMO Capital Markets lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Wedbush increased their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, TD Securities restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Stock Up 0.6 %

MCD stock opened at $304.76 on Friday. The company has a 50 day moving average of $292.61 and a two-hundred day moving average of $293.76. The company has a market cap of $218.40 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.09 and a beta of 0.74. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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 negative return on equity of 181.63% and a net margin of 31.73%. On average, research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. McDonald’s’s payout ratio is 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,205 shares of company stock valued at $6,703,569. 0.23% of the stock is owned by corporate insiders.

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.