Wayfinding Financial LLC Buys New Holdings in McDonald’s Co. (NYSE:MCD)

Wayfinding Financial LLC purchased a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,725 shares of the fast-food giant’s stock, valued at approximately $790,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter valued at $25,000. Atala Financial Inc purchased a new stake in shares of McDonald’s during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the fourth quarter worth about $27,000. Collier Financial purchased a new position in McDonald’s during the 4th quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’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 directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is owned by insiders.

McDonald’s Trading Up 0.1 %

NYSE:MCD opened at $307.18 on Friday. The company has a market cap of $219.47 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The company has a 50 day simple moving average of $298.30 and a two-hundred day simple moving average of $297.26. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

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 the consensus estimate 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MCD. Citigroup boosted their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. TD Securities restated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Robert W. Baird lifted their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Bank of America lifted their price target on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley lowered their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.39.

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.