May Hill Capital LLC Buys New Position in McDonald’s Co. (NYSE:MCD)

May Hill Capital LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,428 shares of the fast-food giant’s stock, valued at approximately $414,000.

A number of other hedge funds also recently made changes to their positions in the stock. Boltwood Capital Management raised its position in McDonald’s by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after acquiring an additional 35 shares during the period. Pettee Investors Inc. raised its holdings in McDonald’s by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after purchasing an additional 35 shares during the period. Modus Advisors LLC lifted its position in McDonald’s by 0.4% during the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after purchasing an additional 36 shares in the last quarter. Independent Wealth Network Inc. lifted its position in McDonald’s by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock valued at $213,000 after purchasing an additional 36 shares in the last quarter. Finally, Blue Barn Wealth LLC grew its holdings in McDonald’s by 4.3% during the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock valued at $252,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 1.8 %

MCD stock opened at $312.74 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market capitalization of $223.44 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm’s fifty day simple moving average is $302.16 and its two-hundred day simple moving average is $298.35.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 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%. As a group, equities research analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports 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 note on Tuesday, February 11th. Bank of America raised their price target on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Piper Sandler cut their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley cut their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insiders Place Their Bets

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,996 shares of company stock worth $8,897,534. 0.23% of the stock is currently owned by company 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.