1,332 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Certior Financial Group LLC

Certior Financial Group LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, Holdings Channel reports. The firm purchased 1,332 shares of the fast-food giant’s stock, valued at approximately $386,000.

Several other large investors have also modified their holdings of the stock. Polymer Capital Management US LLC purchased a new position in McDonald’s during the fourth quarter worth approximately $404,000. Cerity Partners LLC raised its position in shares of McDonald’s by 1.1% in the 4th quarter. Cerity Partners LLC now owns 453,804 shares of the fast-food giant’s stock worth $132,208,000 after buying an additional 5,128 shares during the period. Sierra Summit Advisors LLC raised its position in shares of McDonald’s by 153.9% in the 4th quarter. Sierra Summit Advisors LLC now owns 5,160 shares of the fast-food giant’s stock worth $1,496,000 after buying an additional 3,128 shares during the period. Sepio Capital LP boosted its holdings in McDonald’s by 9.0% in the fourth quarter. Sepio Capital LP now owns 1,995 shares of the fast-food giant’s stock valued at $578,000 after acquiring an additional 164 shares during the last quarter. Finally, Titleist Asset Management LLC increased its stake in McDonald’s by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 1,550 shares of the fast-food giant’s stock worth $449,000 after acquiring an additional 47 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Price Performance

MCD opened at $299.68 on Monday. The stock has a market capitalization of $214.11 billion, a PE ratio of 26.31, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm’s fifty day moving average price is $304.34 and its 200 day moving average price is $298.80.

McDonald’s (NYSE:MCD) last issued 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%. 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 company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on 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 directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’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 sale, the chief executive officer now 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. In the last quarter, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MCD. Piper Sandler reduced their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Truist Financial reduced their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Securities restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Finally, Barclays increased 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. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.30.

McDonald’s Profile

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.