Certior Financial Group LLC Invests $386,000 in McDonald's Co. (NYSE:MCD)

Certior Financial Group LLC bought a new position in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,332 shares of the fast-food giant's stock, valued at approximately $386,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Polymer Capital Management US LLC purchased a new position in McDonald's during the 4th quarter valued at about $404,000. Cerity Partners LLC increased its position in shares of McDonald's by 1.1% during the fourth quarter. Cerity Partners LLC now owns 453,804 shares of the fast-food giant's stock valued at $132,208,000 after buying an additional 5,128 shares during the period. Sierra Summit Advisors LLC grew its holdings in shares of McDonald's by 153.9% during the 4th quarter. Sierra Summit Advisors LLC now owns 5,160 shares of the fast-food giant's stock worth $1,496,000 after acquiring an additional 3,128 shares during the period. Sepio Capital LP lifted its stake in shares of McDonald's by 9.0% in the 4th quarter. Sepio Capital LP now owns 1,995 shares of the fast-food giant's stock valued at $578,000 after purchasing an additional 164 shares during the period. Finally, Titleist Asset Management LLC grew its stake in McDonald's by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,550 shares of the fast-food giant's stock worth $449,000 after purchasing an additional 47 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MCD shares. Wedbush boosted their target price on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Citigroup lowered their price objective on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. increased their target price on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Piper Sandler cut their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, BMO Capital Markets upped their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.87.

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Insider Activity

In other news, 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 directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock worth $8,461,400 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald's Trading Up 0.4 %

Shares of NYSE:MCD traded up $1.19 during trading on Thursday, reaching $305.15. The stock had a trading volume of 3,253,815 shares, compared to its average volume of 3,566,737. The company has a market capitalization of $218.02 billion, a P/E ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.62. The firm's 50-day simple moving average is $305.38 and its 200 day simple moving average is $298.93. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 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%. 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid 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 2.32%. 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.