Park Capital Management LLC WI Takes Position in McDonald’s Co. (NYSE:MCD)

Park Capital Management LLC WI purchased a new stake in McDonald’s Co. (NYSE:MCD) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,445 shares of the fast-food giant’s stock, valued at approximately $419,000.

A number of other hedge funds also recently made changes to their positions in the stock. McClarren Financial Advisors Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $49,000. Fiera Capital Corp boosted its stake in shares of McDonald’s by 3.4% in the 4th quarter. Fiera Capital Corp now owns 115,096 shares of the fast-food giant’s stock valued at $33,365,000 after purchasing an additional 3,748 shares in the last quarter. Naples Global Advisors LLC boosted its stake in shares of McDonald’s by 0.3% in the 4th quarter. Naples Global Advisors LLC now owns 18,437 shares of the fast-food giant’s stock valued at $5,345,000 after purchasing an additional 56 shares in the last quarter. Retirement Guys Formula LLC boosted its position in McDonald’s by 5.0% during the 4th quarter. Retirement Guys Formula LLC now owns 3,440 shares of the fast-food giant’s stock worth $997,000 after buying an additional 165 shares during the period. Finally, Avion Wealth boosted its position in McDonald’s by 52.9% during the 4th quarter. Avion Wealth now owns 607 shares of the fast-food giant’s stock worth $175,000 after buying an additional 210 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on MCD. Bank of America lifted their target price on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wedbush raised their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday. TD Cowen restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Finally, BMO Capital Markets raised 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. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $307.47 on Thursday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock’s 50-day simple moving average is $291.33 and its 200 day simple moving average is $291.97. The stock has a market capitalization of $220.34 billion, a P/E ratio of 26.99, a P/E/G ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. Equities research analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 over the last ninety days. Company insiders own 0.23% of the company’s stock.

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, Russia, Spain, and the U.K.