1,393 Shares in McDonald's Co. (NYSE:MCD) Acquired by Polymer Capital Management US LLC

Polymer Capital Management US LLC acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,393 shares of the fast-food giant's stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. Legacy Investment Solutions LLC bought a new stake in McDonald's in the 3rd quarter worth about $25,000. Atala Financial Inc purchased a new stake in McDonald's during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's during the 4th quarter valued at $27,000. Collier Financial purchased a new position in shares of McDonald's in the 4th quarter worth $29,000. Finally, Fairway Wealth LLC grew its holdings in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares during the period. Institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on MCD shares. Barclays upped their target price on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Truist Financial cut their target price 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. Wedbush increased their target price on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird reduced their price objective on McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research note on Monday. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $322.87.

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McDonald's Price Performance

McDonald's stock traded up $1.25 during midday trading on Thursday, reaching $305.21. The company's stock had a trading volume of 3,253,815 shares, compared to its average volume of 3,566,737. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock has a market capitalization of $218.06 billion, a P/E ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.62. The stock's 50-day simple moving average is $305.38 and its 200-day simple moving average is $298.93.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

Insiders Place Their Bets

In related news, 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,497 shares of company stock worth $8,461,400. Corporate insiders own 0.23% of the company's stock.

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.