Atlas Legacy Advisors LLC Makes New $694,000 Investment in McDonald's Co. (NYSE:MCD)

Atlas Legacy Advisors LLC acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,395 shares of the fast-food giant's stock, valued at approximately $694,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Creek Financial Management LLC increased its stake in McDonald's by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant's stock valued at $396,000 after purchasing an additional 35 shares in the last quarter. GDS Wealth Management lifted its stake in McDonald's by 1.4% in the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant's stock valued at $762,000 after purchasing an additional 35 shares during the last quarter. Boltwood Capital Management lifted its holdings in McDonald's by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after purchasing an additional 35 shares during the last quarter. McAdam LLC grew its stake in McDonald's by 1.7% in the 3rd quarter. McAdam LLC now owns 2,176 shares of the fast-food giant's stock valued at $663,000 after buying an additional 36 shares in the last quarter. Finally, LCM Capital Management Inc raised its stake in shares of McDonald's by 1.3% during the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant's stock valued at $879,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MCD. Loop Capital reiterated a "buy" rating and set a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. Truist Financial dropped their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Bank of America increased their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Piper Sandler lowered their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Morgan Stanley lifted their target price on shares of McDonald's from $336.00 to $340.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average target price of $323.61.

Insider Activity

In related news, EVP Marion K. Gross sold 1,499 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This trade represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,205 shares of company stock valued at $6,703,569 over the last quarter. Corporate insiders own 0.23% of the company's stock.

McDonald's Stock Up 0.6 %

Shares of McDonald's stock traded up $1.71 during mid-day trading on Friday, hitting $304.76. The stock had a trading volume of 3,034,763 shares, compared to its average volume of 3,198,654. The firm has a market cap of $218.40 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The firm has a 50-day moving average of $292.45 and a two-hundred day moving average of $293.51.

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

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald's's payout ratio is 62.16%.

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.