Yoffe Investment Management LLC Takes $892,000 Position in McDonald's Co. (NYSE:MCD)

Yoffe Investment Management LLC purchased a new position in McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,078 shares of the fast-food giant's stock, valued at approximately $892,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. United Bank lifted its position in shares of McDonald's by 3.5% during the third quarter. United Bank now owns 6,446 shares of the fast-food giant's stock worth $1,963,000 after purchasing an additional 218 shares during the last quarter. Morse Asset Management Inc boosted its position in McDonald's by 12.8% in the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock valued at $1,031,000 after buying an additional 385 shares during the period. Royal London Asset Management Ltd. grew its stake in McDonald's by 1.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 317,489 shares of the fast-food giant's stock worth $96,679,000 after acquiring an additional 4,161 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of McDonald's by 31.4% during the third quarter. Quantinno Capital Management LP now owns 52,600 shares of the fast-food giant's stock worth $16,017,000 after acquiring an additional 12,562 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of McDonald's by 1.7% during the third quarter. Stifel Financial Corp now owns 1,095,710 shares of the fast-food giant's stock valued at $333,719,000 after acquiring an additional 18,474 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

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Analyst Upgrades and Downgrades

MCD has been the topic of several research analyst reports. Barclays increased their price objective on McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. TD Securities restated a "hold" rating and set a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Truist Financial lowered their price objective on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Robert W. Baird cut their target price on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Piper Sandler dropped their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Nine equities research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $322.87.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was 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 directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. 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 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald's Trading Down 0.4 %

Shares of NYSE MCD traded down $1.23 during trading on Monday, reaching $298.88. 3,057,963 shares of the company traded hands, compared to its average volume of 3,524,683. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The stock has a market cap of $213.54 billion, a P/E ratio of 26.17, a PEG ratio of 3.10 and a beta of 0.62. The firm's fifty day simple moving average is $304.34 and its 200 day simple moving average is $298.80.

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 analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald's's dividend payout ratio (DPR) is 62.16%.

About McDonald's

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.