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

Summit Financial LLC boosted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,470 shares of the fast-food giant's stock after acquiring an additional 963 shares during the quarter. Summit Financial LLC's holdings in McDonald's were worth $5,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Prudent Man Investment Management Inc. acquired a new position in McDonald's in the 4th quarter valued at $43,000. D L Carlson Investment Group Inc. increased its stake in shares of McDonald's by 4.5% during the fourth quarter. D L Carlson Investment Group Inc. now owns 2,367 shares of the fast-food giant's stock worth $686,000 after acquiring an additional 101 shares during the period. AIA Group Ltd raised its holdings in McDonald's by 65.0% during the fourth quarter. AIA Group Ltd now owns 20,212 shares of the fast-food giant's stock worth $5,859,000 after purchasing an additional 7,960 shares in the last quarter. Partners in Financial Planning acquired a new stake in McDonald's in the fourth quarter valued at about $467,000. Finally, O Shaughnessy Asset Management LLC increased its position in McDonald's by 12.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 94,286 shares of the fast-food giant's stock worth $27,333,000 after purchasing an additional 10,200 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Up 1.8 %

Shares of MCD stock traded up $5.68 during mid-day trading on Thursday, hitting $317.26. 2,969,449 shares of the company's stock were exchanged, compared to its average volume of 3,501,628. The stock has a market cap of $226.67 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 3.10 and a beta of 0.71. The stock has a 50-day simple moving average of $303.38 and a two-hundred day simple moving average of $298.56. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 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 anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal 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 dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald'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 transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock worth $8,461,400 in the last quarter. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of analyst reports. Truist Financial decreased their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. TD Securities reaffirmed a "hold" rating and set a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Wedbush upped their target price on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Finally, Piper Sandler dropped their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $323.30.

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.