McDonald’s Co. (NYSE:MCD) Shares Purchased by Waycross Partners LLC

Waycross Partners LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 1,818.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 49,445 shares of the fast-food giant’s stock after acquiring an additional 46,867 shares during the period. McDonald’s makes up approximately 1.9% of Waycross Partners LLC’s portfolio, making the stock its 25th largest position. Waycross Partners LLC’s holdings in McDonald’s were worth $14,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new position in McDonald’s in the 3rd quarter worth about $1,394,000. YANKCOM Partnership purchased a new stake in shares of McDonald’s in the fourth quarter valued at approximately $1,628,000. Charles Schwab Investment Management Inc. raised its stake in shares of McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in shares of McDonald’s by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after buying an additional 2,997 shares in the last quarter. Finally, PFW Advisors LLC acquired a new stake in McDonald’s in the 4th quarter valued at $2,471,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent analyst reports. KeyCorp increased their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Robert W. Baird boosted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. TD Securities restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Finally, BMO Capital Markets lifted their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $292.50, for a total value of $321,457.50. Following the sale, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. The trade was a 10.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated 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 trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,906 shares of company stock valued at $5,406,382 over the last 90 days. 0.23% of the stock is owned by insiders.

McDonald’s Price Performance

McDonald’s stock opened at $308.59 on Tuesday. The stock has a market cap of $221.14 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The firm has a 50 day simple moving average of $291.98 and a 200-day simple moving average of $292.90. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

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

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.29%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

McDonald’s 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.