Paragon Capital Management LLC Has $7.60 Million Position in McDonald's Co. (NYSE:MCD)

Paragon Capital Management LLC lessened its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,217 shares of the fast-food giant's stock after selling 1,060 shares during the quarter. McDonald's makes up about 4.1% of Paragon Capital Management LLC's investment portfolio, making the stock its 8th biggest position. Paragon Capital Management LLC's holdings in McDonald's were worth $7,600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new position in shares of McDonald's in the 3rd quarter valued at $25,000. Atala Financial Inc purchased a new position in shares of McDonald's in the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's in the fourth quarter valued at $27,000. Collier Financial acquired a new stake in McDonald's during the fourth quarter worth about $29,000. Finally, Fairway Wealth LLC raised its holdings in shares of McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial decreased their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Citigroup raised their target price on shares of McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. 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 report on Tuesday, February 4th. TD Securities restated a "hold" rating and set a $300.00 price objective on shares of McDonald's in a research note on Monday, February 10th. Finally, Morgan Stanley lowered their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $323.39.

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Insider Buying and Selling at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value 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. This trade represents 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 at this link. Also, insider Joseph M. Erlinger sold 300 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,405 shares of company stock worth $9,886,656 over the last ninety days. Company insiders own 0.23% of the company's stock.

McDonald's Price Performance

Shares of MCD stock traded up $1.34 on Tuesday, hitting $307.01. 2,657,031 shares of the stock traded hands, compared to its average volume of 3,337,975. The company's fifty day moving average is $299.72 and its 200 day moving average is $297.78. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market capitalization of $219.35 billion, a PE ratio of 26.95, a PEG ratio of 3.10 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. As a group, equities research analysts expect that McDonald's Co. will post 12.25 EPS for the current 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 issued a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. McDonald's's dividend payout ratio is currently 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.