Scott & Selber Inc. Takes $232,000 Position in McDonald’s Co. (NYSE:MCD)

Scott & Selber Inc. bought a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 799 shares of the fast-food giant’s stock, valued at approximately $232,000.

Other large investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the third quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s during the 4th quarter valued at about $27,000. Collier Financial purchased a new stake in McDonald’s during the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the 3rd quarter worth approximately $31,000. Finally, Marshall Investment Management LLC purchased a new position in McDonald’s in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,504 shares of company stock worth $10,206,575. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of several analyst reports. Truist Financial decreased their target price 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. TD Securities restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Barclays boosted their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, KeyCorp increased their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Ten investment 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Down 1.5 %

Shares of MCD opened at $303.70 on Tuesday. The stock has a market cap of $216.98 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.10 and a beta of 0.74. The business’s 50 day moving average price is $294.31 and its 200-day moving average price is $295.64. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

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

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is presently 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.