Enhancing Capital LLC Purchases Shares of 3,700 McDonald’s Co. (NYSE:MCD)

Enhancing Capital LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,700 shares of the fast-food giant’s stock, valued at approximately $1,073,000.

A number of other hedge funds have also made changes to their positions in MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the third quarter valued at approximately $25,000. Atala Financial Inc acquired a new position in shares of McDonald’s in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s in the 4th quarter valued at $27,000. Collier Financial acquired a new stake in McDonald’s during the 4th quarter worth $29,000. Finally, Fairway Wealth LLC lifted its position in McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Morgan Stanley reduced their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday. Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Bank of America upped their price target on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. 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. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.39.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock worth $10,206,575 over the last ninety days. 0.23% of the stock is currently owned by insiders.

McDonald’s Price Performance

NYSE MCD opened at $304.01 on Tuesday. The business has a 50 day moving average price of $297.20 and a 200 day moving average price of $297.02. The company has a market capitalization of $217.20 billion, a P/E ratio of 26.69, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, research analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal 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 dividend yield of 2.33%. The ex-dividend date was 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.