5,038 Shares in McDonald’s Co. (NYSE:MCD) Bought by Corps Capital Advisors LLC

Corps Capital Advisors LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, HoldingsChannel reports. The firm acquired 5,038 shares of the fast-food giant’s stock, valued at approximately $1,461,000. McDonald’s comprises approximately 1.5% of Corps Capital Advisors LLC’s portfolio, making the stock its 21st largest holding.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the third quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the 4th quarter valued at about $27,000. Collier Financial bought a new position in shares of McDonald’s during the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s in the 3rd quarter worth approximately $31,000. Finally, Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter valued at approximately $44,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley lifted their price target on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. 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 report on Tuesday, February 11th. TD Cowen restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Piper Sandler lowered 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 report on Tuesday, February 4th. Finally, Robert W. Baird increased their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Trading Down 1.0 %

McDonald’s stock opened at $301.71 on Thursday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The firm has a market capitalization of $216.21 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.16 and a beta of 0.74. The firm’s 50 day simple moving average is $292.32 and its 200 day simple moving average is $293.44.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. Research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,106 shares of company stock worth $6,368,814. 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.