Winebrenner Capital Management LLC Buys Shares of 2,888 McDonald’s Co. (NYSE:MCD)

Winebrenner Capital Management LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,888 shares of the fast-food giant’s stock, valued at approximately $837,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Navellier & Associates Inc. grew its stake in McDonald’s by 17.4% during the 4th quarter. Navellier & Associates Inc. now owns 6,050 shares of the fast-food giant’s stock worth $1,754,000 after buying an additional 895 shares during the last quarter. Prentice Wealth Management LLC raised its stake in McDonald’s by 5.4% in the fourth quarter. Prentice Wealth Management LLC now owns 2,397 shares of the fast-food giant’s stock valued at $695,000 after buying an additional 122 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in McDonald’s by 1.2% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,437 shares of the fast-food giant’s stock worth $996,000 after acquiring an additional 42 shares in the last quarter. Matauro LLC purchased a new stake in shares of McDonald’s during the fourth quarter worth about $267,000. Finally, Bell Bank increased its holdings in shares of McDonald’s by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after acquiring an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 300 shares of the firm’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 value of $84,225.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,205 shares of company stock valued at $6,703,569. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.6 %

MCD stock opened at $304.76 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a market cap of $218.40 billion, a P/E ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74. The company’s 50-day simple moving average is $292.61 and its 200-day simple moving average is $293.76.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting 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, analysts anticipate that McDonald’s Co. will post 12.25 earnings per share 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. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Bank of America lifted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Citigroup upped their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Piper Sandler lowered their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Robert W. Baird increased their price objective on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $323.61.

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.