Mainstream Capital Management LLC Purchases 47 Shares of McDonald’s Co. (NYSE:MCD)

Mainstream Capital Management LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,314 shares of the fast-food giant’s stock after buying an additional 47 shares during the period. Mainstream Capital Management LLC’s holdings in McDonald’s were worth $381,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Clear Creek Financial Management LLC raised its stake in McDonald’s by 2.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after purchasing an additional 35 shares during the last quarter. Pure Financial Advisors LLC raised its stake in McDonald’s by 11.3% during the 3rd quarter. Pure Financial Advisors LLC now owns 3,279 shares of the fast-food giant’s stock valued at $998,000 after purchasing an additional 334 shares during the last quarter. Van ECK Associates Corp raised its stake in McDonald’s by 8.9% during the 3rd quarter. Van ECK Associates Corp now owns 17,809 shares of the fast-food giant’s stock valued at $5,317,000 after purchasing an additional 1,451 shares during the last quarter. Lansing Street Advisors raised its stake in McDonald’s by 0.7% during the 3rd quarter. Lansing Street Advisors now owns 50,332 shares of the fast-food giant’s stock valued at $15,327,000 after purchasing an additional 326 shares during the last quarter. Finally, Forum Financial Management LP raised its stake in McDonald’s by 1.4% during the 3rd quarter. Forum Financial Management LP now owns 9,543 shares of the fast-food giant’s stock valued at $2,906,000 after purchasing an additional 131 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Bank of America increased their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. KeyCorp increased their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Truist Financial dropped 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. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Activity

In other news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by insiders.

McDonald’s Stock Down 1.5 %

Shares of NYSE:MCD opened at $303.70 on Tuesday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company’s 50-day moving average price is $294.31 and its two-hundred day moving average price is $295.64. The firm has a market cap of $216.98 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) 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, equities analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 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.