Pacific Point Advisors LLC Invests $208,000 in McDonald’s Co. (NYSE:MCD)

Pacific Point Advisors LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 719 shares of the fast-food giant’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Northeast Financial Consultants Inc increased its stake in shares of McDonald’s by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock worth $2,170,000 after acquiring an additional 34 shares during the period. Pettee Investors Inc. lifted its position in McDonald’s by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock valued at $1,566,000 after purchasing an additional 35 shares during the period. Covestor Ltd lifted its position in McDonald’s by 4.1% during the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant’s stock valued at $261,000 after purchasing an additional 35 shares during the period. Independent Wealth Network Inc. boosted its holdings in McDonald’s by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock valued at $213,000 after purchasing an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC grew its position in McDonald’s by 4.3% during the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,276 shares of company stock valued at $4,419,385. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MCD. Piper Sandler boosted their price objective on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. BTIG Research reissued a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Truist Financial set a $350.00 target price on shares of McDonald’s in a research note on Friday, May 2nd. Finally, KeyCorp increased their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.91.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $314.65 on Friday. The stock has a market capitalization of $224.99 billion, a P/E ratio of 27.63, a PEG ratio of 3.10 and a beta of 0.57. The business has a 50 day simple moving average of $311.68 and a two-hundred day simple moving average of $301.44. 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 results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.70 earnings per share. As a group, research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is 62.49%.

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.