Optimize Financial Inc Acquires Shares of 1,822 McDonald's Co. (NYSE:MCD)

Optimize Financial Inc acquired a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,822 shares of the fast-food giant's stock, valued at approximately $528,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mattern Capital Management LLC boosted its stake in shares of McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank raised its holdings in shares of McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after acquiring an additional 371 shares in the last quarter. YANKCOM Partnership purchased a new position in McDonald's in the fourth quarter worth $1,628,000. Integral Investment Advisors Inc. raised its stake in McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after acquiring an additional 164 shares during the last quarter. Finally, PFW Advisors LLC purchased a new position in shares of McDonald's during the 4th quarter valued at about $2,471,000. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $6.22 during mid-day trading on Monday, hitting $316.12. 4,068,086 shares of the company traded hands, compared to its average volume of 3,589,175. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm's 50 day simple moving average is $306.10 and its 200 day simple moving average is $299.00. The firm has a market cap of $225.86 billion, a P/E ratio of 27.75, a PEG ratio of 3.10 and a beta of 0.62.

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McDonald's (NYSE:MCD - Get Free Report) last released its earnings results 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%. Equities research analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.24%. McDonald's's payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Loop Capital restated a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Piper Sandler dropped their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Truist Financial dropped their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Wedbush lifted 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. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $322.87.

Insider Transactions at McDonald's

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 owned by insiders.

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.