Pine Valley Investments Ltd Liability Co Has $5.88 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Pine Valley Investments Ltd Liability Co lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,282 shares of the fast-food giant’s stock after buying an additional 830 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in McDonald’s were worth $5,880,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the 3rd quarter worth about $25,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s during the fourth quarter worth approximately $27,000. Collier Financial acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $31,000. Finally, Marshall Investment Management LLC bought a new stake in shares of McDonald’s in the fourth quarter valued at approximately $37,000. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,106 shares of company stock worth $6,382,112 over the last ninety days. 0.23% of the stock is owned by insiders.

McDonald’s Price Performance

NYSE:MCD opened at $307.34 on Tuesday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm’s 50 day simple moving average is $292.80 and its 200 day simple moving average is $294.35. The company has a market cap of $220.24 billion, a PE ratio of 26.98, a P/E/G ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. Equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 2.30%. McDonald’s’s payout ratio is 62.16%.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. Piper Sandler dropped their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. TD Securities reiterated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Robert W. Baird boosted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley increased their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

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.