McDonald’s Co. (NYSE:MCD) Shares Bought by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,459 shares of the fast-food giant’s stock after acquiring an additional 59 shares during the quarter. Perennial Investment Advisors LLC’s holdings in McDonald’s were worth $423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 3rd quarter worth about $25,000. Atala Financial Inc purchased a new position in shares of McDonald’s in the fourth quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the fourth quarter valued at approximately $27,000. Collier Financial purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC boosted its stake in McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Down 5.8 %

Shares of McDonald’s stock opened at $299.68 on Friday. 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 $214.11 billion, a P/E ratio of 26.31, a PEG ratio of 3.10 and a beta of 0.62. The stock has a 50 day moving average price of $304.34 and a two-hundred day moving average price of $298.75.

McDonald’s (NYSE:MCD) last posted its earnings results 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 net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MCD. Loop Capital restated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. BMO Capital Markets increased their price objective on 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 target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, TD Securities reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.30.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Manuel Jm Steijaert sold 10,459 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. This trade represents a 69.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock valued at $8,461,400 in the last 90 days. 0.23% of the stock is currently owned by insiders.

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.