Transce3nd LLC Purchases New Stake in McDonald's Co. (NYSE:MCD)

Transce3nd LLC purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 826 shares of the fast-food giant's stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Atala Financial Inc acquired a new stake in McDonald's during the fourth quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald's in the 4th quarter worth about $27,000. Collier Financial acquired a new position in shares of McDonald's during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC grew its holdings in shares of McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after buying an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in McDonald's in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of the firm'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 value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,436 shares of company stock valued at $8,760,472 in the last 90 days. 0.23% of the stock is currently owned by insiders.

McDonald's Price Performance

McDonald's stock traded down $0.50 during trading hours on Wednesday, hitting $318.58. The stock had a trading volume of 3,209,437 shares, compared to its average volume of 3,587,537. The stock has a market capitalization of $227.61 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock's fifty day moving average is $307.59 and its two-hundred day moving average is $299.47.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 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%. As a group, sell-side analysts anticipate that McDonald's Co. will post 12.25 EPS for the current 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 issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.22%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Morgan Stanley dropped their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Barclays reduced their price objective on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating on the stock in a report on Tuesday. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. BMO Capital Markets boosted their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, Piper Sandler decreased their price target on 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $322.74.

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.