Intellus Advisors LLC Acquires New Position in McDonald's Co. (NYSE:MCD)

Intellus Advisors LLC bought a new position in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,012 shares of the fast-food giant's stock, valued at approximately $873,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in shares of McDonald's during the third quarter valued at approximately $25,000. Atala Financial Inc purchased a new position in McDonald's during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald's in the 4th quarter worth $27,000. Collier Financial purchased a new stake in shares of McDonald's in the 4th quarter worth about $29,000. Finally, Fairway Wealth LLC boosted its stake in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 300 shares of the business'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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,405 shares of company stock valued at $9,886,656. Company insiders own 0.23% of the company's stock.

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McDonald's Stock Performance

McDonald's stock traded up $6.47 during mid-day trading on Wednesday, hitting $313.39. The company's stock had a trading volume of 2,623,868 shares, compared to its average volume of 3,334,388. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The stock has a market cap of $223.91 billion, a PE ratio of 27.51, a P/E/G ratio of 3.10 and a beta of 0.71. The company has a 50 day moving average of $299.72 and a 200-day moving average of $297.78.

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 for the quarter, meeting 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 research analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Morgan Stanley lowered their target price on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Citigroup raised their price objective on McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Robert W. Baird lifted 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. Finally, Piper Sandler lowered their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Nine 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $323.39.

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.