McDonald’s Co. (NYSE:MCD) Shares Bought by Whalerock Point Partners LLC

Whalerock Point Partners LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,840 shares of the fast-food giant’s stock after purchasing an additional 308 shares during the quarter. McDonald’s makes up approximately 1.3% of Whalerock Point Partners LLC’s portfolio, making the stock its 19th largest holding. Whalerock Point Partners LLC’s holdings in McDonald’s were worth $5,462,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Atala Financial Inc purchased a new stake in McDonald’s during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s during the fourth quarter worth about $27,000. Collier Financial acquired a new position in shares of McDonald’s in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC lifted 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 valued at $30,000 after buying an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new stake in McDonald’s during the fourth quarter worth approximately $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Price Performance

Shares of MCD stock opened at $316.60 on Friday. The firm has a fifty day moving average of $308.18 and a two-hundred day moving average of $299.78. The firm has a market cap of $226.20 billion, a P/E ratio of 27.80, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting 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, sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Bank of America increased their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. BMO Capital Markets raised their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Robert W. Baird lowered their target price on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Barclays cut their price target on shares of McDonald’s from $350.00 to $347.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $322.74.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,136 shares of company stock worth $8,676,247. 0.25% of the stock is currently owned by insiders.

McDonald’s Company 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.