Generation Capital Management LLC Makes New Investment in McDonald's Co. (NYSE:MCD)

Generation Capital Management LLC purchased a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,728 shares of the fast-food giant's stock, valued at approximately $1,371,000. McDonald's makes up about 1.2% of Generation Capital Management LLC's holdings, making the stock its 26th biggest position.

Several other hedge funds also recently modified their holdings of the stock. Morse Asset Management Inc grew its position in shares of McDonald's by 12.8% in the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock valued at $1,031,000 after acquiring an additional 385 shares during the period. McIlrath & Eck LLC lifted its position in shares of McDonald's by 11.6% in the third quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant's stock valued at $468,000 after buying an additional 160 shares during the last quarter. Virtu Financial LLC bought a new position in shares of McDonald's during the 3rd quarter worth approximately $1,647,000. Diamant Asset Management Inc. lifted its holdings in McDonald's by 1.9% during the 3rd quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant's stock valued at $2,906,000 after purchasing an additional 180 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of McDonald's in the third quarter valued at $394,000. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Piper Sandler decreased their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Morgan Stanley dropped their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Bank of America raised their target price on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Finally, Barclays lifted their price target 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. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $322.87.

Insiders Place Their Bets

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 300 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,497 shares of company stock valued at $8,461,400. Company insiders own 0.23% of the company's stock.

McDonald's Stock Performance

Shares of MCD stock traded up $9.35 during mid-day trading on Tuesday, hitting $318.07. The company's stock had a trading volume of 1,349,728 shares, compared to its average volume of 3,574,910. The company's fifty day simple moving average is $307.41 and its 200-day simple moving average is $299.33. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market cap of $227.25 billion, a PE ratio of 27.95, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last posted 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 net margin of 31.73% and a negative return on equity of 181.63%. On average, equities analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.23%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

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.