Outfitter Financial LLC Has $1.98 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Outfitter Financial LLC reduced its position in McDonald’s Co. (NYSE:MCD) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,814 shares of the fast-food giant’s stock after selling 610 shares during the period. McDonald’s comprises about 1.6% of Outfitter Financial LLC’s holdings, making the stock its 23rd largest position. Outfitter Financial LLC’s holdings in McDonald’s were worth $1,975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Creek Financial Management LLC grew its position in McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after buying an additional 35 shares in the last quarter. GDS Wealth Management boosted its stake in shares of McDonald’s by 1.4% in the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after purchasing an additional 35 shares in the last quarter. Boltwood Capital Management grew its stake in shares of McDonald’s by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after buying an additional 35 shares during the last quarter. McAdam LLC increased its holdings in McDonald’s by 1.7% in the 3rd quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock worth $663,000 after purchasing an additional 36 shares in the last quarter. Finally, LCM Capital Management Inc raised its holdings in McDonald’s by 1.3% in the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock valued at $879,000 after buying an additional 36 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.3 %

Shares of McDonald’s stock opened at $302.89 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market cap of $217.06 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.09 and a beta of 0.74. The company’s 50-day moving average price is $292.45 and its 200-day moving average price is $293.51.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, sell-side analysts predict 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 will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Barclays boosted their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wedbush increased 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. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Finally, Piper Sandler decreased their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction 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 sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,106 shares of company stock worth $6,368,814 over the last ninety days. 0.23% of the stock is owned by corporate insiders.

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.