Quinn Opportunity Partners LLC Increases Stake in McDonald's Co. (NYSE:MCD)

Quinn Opportunity Partners LLC lifted its position in McDonald's Co. (NYSE:MCD - Free Report) by 67.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,500 shares of the fast-food giant's stock after purchasing an additional 9,500 shares during the quarter. Quinn Opportunity Partners LLC's holdings in McDonald's were worth $6,812,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Atala Financial Inc acquired a new stake in McDonald's in the 4th quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald's in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new stake in McDonald's during the fourth quarter worth approximately $29,000. Fairway Wealth LLC lifted its position in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. Finally, Marshall Investment Management LLC acquired a new stake in shares of McDonald's in the 4th quarter valued at about $37,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MCD shares. Citigroup lowered their price target on McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Morgan Stanley decreased their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Truist Financial reduced their price objective on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Loop Capital reissued a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research note on Friday, January 3rd. Finally, KeyCorp upped their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $322.87.

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McDonald's Trading Up 2.0 %

NYSE MCD traded up $6.22 on Monday, hitting $316.12. 4,030,854 shares of the company's stock were exchanged, compared to its average volume of 3,589,170. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a market cap of $225.86 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 3.10 and a beta of 0.62. The stock has a 50-day moving average of $306.10 and a 200-day moving average of $299.00.

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

McDonald's Announces Dividend

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

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company'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 value of $3,255,525.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,497 shares of company stock worth $8,461,400. Corporate insiders own 0.23% of the company's stock.

McDonald's 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.