McDonald’s Co. (NYSE:MCD) Shares Purchased by Hill Island Financial LLC

Hill Island Financial LLC grew its position in shares of McDonald’s Co. (NYSE:MCD) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,400 shares of the fast-food giant’s stock after acquiring an additional 47 shares during the quarter. Hill Island Financial LLC’s holdings in McDonald’s were worth $696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mattern Capital Management LLC increased its stake in McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after acquiring an additional 579 shares during the last quarter. Bell Bank boosted its position in shares of McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after buying an additional 371 shares during the period. YANKCOM Partnership purchased a new stake in shares of McDonald’s in the fourth quarter worth about $1,628,000. Integral Investment Advisors Inc. boosted its position in shares of McDonald’s by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after buying an additional 164 shares during the period. Finally, PFW Advisors LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth about $2,471,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

McDonald’s Stock Down 0.6 %

MCD opened at $305.07 on Friday. The firm has a market cap of $217.96 billion, a PE ratio of 26.78, a P/E/G ratio of 3.10 and a beta of 0.71. The business has a fifty day simple moving average of $298.75 and a 200-day simple moving average of $297.46. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last issued 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 research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. Barclays upped their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Truist Financial reduced their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. TD Securities reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Finally, Bank of America increased 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. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $323.39.

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.