McDonald’s Co. (NYSE:MCD) Shares Acquired by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. lifted its position in McDonald’s Co. (NYSE:MCD) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,367 shares of the fast-food giant’s stock after purchasing an additional 101 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in McDonald’s were worth $686,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the third quarter worth approximately $25,000. Atala Financial Inc purchased a new position in McDonald’s during the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s in the fourth quarter valued at $27,000. Collier Financial purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC boosted its stake in shares of McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s 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 value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,996 shares of company stock valued at $8,897,534. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 1.8 %

NYSE:MCD opened at $306.95 on Monday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market cap of $219.31 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The company’s 50-day moving average is $301.52 and its two-hundred day moving average is $298.20.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. Robert W. Baird upped their price objective on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Piper Sandler decreased their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Truist Financial dropped their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.