Potomac Fund Management Inc. ADV Buys New Holdings in McDonald's Co. (NYSE:MCD)

Potomac Fund Management Inc. ADV purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,543 shares of the fast-food giant's stock, valued at approximately $1,607,000. McDonald's accounts for 1.4% of Potomac Fund Management Inc. ADV's portfolio, making the stock its 14th biggest holding.

Several other hedge funds have also made changes to their positions in MCD. Boltwood Capital Management grew its stake in McDonald's by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after acquiring an additional 35 shares during the period. Pettee Investors Inc. lifted its holdings in shares of McDonald's by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after purchasing an additional 35 shares in the last quarter. Modus Advisors LLC grew its position in McDonald's by 0.4% in the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock valued at $2,724,000 after purchasing an additional 36 shares during the period. Independent Wealth Network Inc. grew its position in McDonald's by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after purchasing an additional 36 shares during the period. Finally, Blue Barn Wealth LLC raised its holdings in McDonald's by 4.3% during the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock worth $252,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Citigroup lowered their price objective on McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday. TD Securities reaffirmed a "hold" rating and set a $300.00 target price on shares of McDonald's in a research report on Monday, February 10th. Truist Financial decreased their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Barclays raised their price objective on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and an average target price of $323.30.

Insider Buying and Selling at McDonald's

In other McDonald's news, 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 completion of the sale, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $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 ninety days, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is owned by corporate insiders.

McDonald's Stock Performance

NYSE:MCD traded up $6.57 during midday trading on Thursday, reaching $318.15. 6,995,856 shares of the stock traded hands, compared to its average volume of 3,517,146. The stock has a market capitalization of $227.31 billion, a P/E ratio of 27.93, a PEG ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a fifty day moving average of $303.38 and a 200 day moving average of $298.56.

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

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is 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.