Corps Capital Advisors LLC Invests $1.46 Million in McDonald's Co. (NYSE:MCD)

Corps Capital Advisors LLC purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,038 shares of the fast-food giant's stock, valued at approximately $1,461,000. McDonald's accounts for about 1.5% of Corps Capital Advisors LLC's holdings, making the stock its 21st biggest holding.

Other large investors also recently modified their holdings of the company. Kennebec Savings Bank acquired a new stake in McDonald's in the third quarter worth $1,394,000. YANKCOM Partnership bought a new position in shares of McDonald's during the 4th quarter worth about $1,628,000. Charles Schwab Investment Management Inc. grew its stake in shares of McDonald's by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock valued at $1,694,403,000 after buying an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in McDonald's by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock valued at $14,978,000 after buying an additional 2,997 shares in the last quarter. Finally, PFW Advisors LLC bought a new position in shares of McDonald's in the fourth quarter valued at $2,471,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

NYSE MCD traded up $2.10 on Friday, hitting $305.15. The stock had a trading volume of 1,588,381 shares, compared to its average volume of 3,152,625. The firm has a 50-day moving average of $292.45 and a 200-day moving average of $293.51. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The company has a market capitalization of $218.68 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. 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 dividend payout ratio is presently 62.16%.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares of the company's stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company's stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,106 shares of company stock worth $6,368,814 over the last 90 days. Corporate insiders own 0.23% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Truist Financial cut their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Wedbush raised their price objective on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Loop Capital reiterated a "buy" rating and issued a $342.00 target price on shares of McDonald's in a research note on Friday, January 3rd. Finally, Piper Sandler decreased their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $323.61.

McDonald's 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.