1,612 Shares in McDonald's Co. (NYSE:MCD) Acquired by Partners in Financial Planning

Partners in Financial Planning purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,612 shares of the fast-food giant's stock, valued at approximately $467,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of McDonald's in the 3rd quarter worth about $25,000. Atala Financial Inc purchased a new stake in McDonald's in the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's in the 4th quarter valued at approximately $27,000. Collier Financial purchased a new position in McDonald's in the fourth quarter valued at about $29,000. Finally, Fairway Wealth LLC grew its position in 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 in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Price Performance

McDonald's stock traded up $1.20 during midday trading on Tuesday, reaching $313.57. The company had a trading volume of 2,411,214 shares, compared to its average volume of 3,499,388. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market capitalization of $224.03 billion, a P/E ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.71. The firm's fifty day simple moving average is $302.16 and its 200-day simple moving average is $298.35.

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McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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, analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors 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 dividend on an annualized basis and a yield of 2.26%. McDonald's's dividend payout ratio (DPR) is 62.16%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MCD shares. Piper Sandler decreased their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. BMO Capital Markets upped their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Barclays raised their target price on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. 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. Finally, TD Securities reaffirmed a "hold" rating and set a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. Nine equities research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $323.61.

Insiders Place Their Bets

In other McDonald's news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at $453,882. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,996 shares of company stock worth $8,897,534. 0.23% of the stock is owned by corporate 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.