1,987 Shares in McDonald’s Co. (NYSE:MCD) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,987 shares of the fast-food giant’s stock, valued at approximately $576,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. United Bank raised its holdings in McDonald’s by 3.5% in the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after acquiring an additional 218 shares during the last quarter. Cahill Financial Advisors Inc. increased its holdings in shares of McDonald’s by 2.8% in the third quarter. Cahill Financial Advisors Inc. now owns 1,851 shares of the fast-food giant’s stock valued at $564,000 after purchasing an additional 50 shares during the last quarter. Summit Trail Advisors LLC lifted its position in McDonald’s by 66.9% during the third quarter. Summit Trail Advisors LLC now owns 6,324 shares of the fast-food giant’s stock worth $1,926,000 after buying an additional 2,536 shares in the last quarter. Fisher Asset Management LLC boosted its stake in McDonald’s by 4.8% during the third quarter. Fisher Asset Management LLC now owns 255,748 shares of the fast-food giant’s stock worth $77,878,000 after buying an additional 11,743 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC grew its holdings in McDonald’s by 2.9% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 15,720 shares of the fast-food giant’s stock valued at $4,787,000 after buying an additional 447 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MCD shares. Wedbush raised their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Truist Financial reduced their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Barclays increased their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Citigroup upped their target price on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.39.

Insiders Place Their Bets

In related 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 completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,405 shares of company stock valued at $9,886,656. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $305.85 on Tuesday. The firm’s fifty day simple moving average is $299.21 and its 200-day simple moving average is $297.65. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a market capitalization of $218.52 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 2.31%. McDonald’s’s payout ratio is 62.16%.

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.