McDonald's Co. (NYSE:MCD) Shares Purchased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC lifted its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 153.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,160 shares of the fast-food giant's stock after acquiring an additional 3,128 shares during the period. Sierra Summit Advisors LLC's holdings in McDonald's were worth $1,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mattern Capital Management LLC raised its holdings in shares of McDonald's by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank increased its position in McDonald's by 3.0% in the 4th 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 during the period. YANKCOM Partnership purchased a new stake in McDonald's during the 4th quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. lifted its position in McDonald's by 2.6% during 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 period. Finally, PFW Advisors LLC purchased a new position in shares of McDonald's in the 4th quarter valued at approximately $2,471,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of several recent research reports. Morgan Stanley decreased their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. TD Securities reaffirmed a "hold" rating and issued a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Robert W. Baird cut their price target on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday. Barclays lifted their price objective on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, Loop Capital reissued a "buy" rating and issued a $342.00 price target on shares of McDonald's in a report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $322.87.

Remove Ads

McDonald's Stock Performance

McDonald's stock traded down $1.08 during midday trading on Thursday, reaching $302.88. 2,977,044 shares of the company were exchanged, compared to its average volume of 3,565,378. The company has a market capitalization of $216.40 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 3.10 and a beta of 0.62. The firm's 50-day simple moving average is $305.38 and its 200-day simple moving average is $298.93. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted 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, analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

Insider Transactions at McDonald's

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business'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 sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. This represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock worth $8,461,400 over the last quarter. 0.23% of the stock is currently owned by insiders.

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.