McDonald’s Co. (NYSE:MCD) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 6.3% during the fourth quarter, Holdings Channel reports. The firm owned 11,824 shares of the fast-food giant’s stock after purchasing an additional 697 shares during the period. Frank Rimerman Advisors LLC’s holdings in McDonald’s were worth $3,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the third quarter worth approximately $25,000. Atala Financial Inc purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $27,000. Collier Financial purchased a new position in shares of McDonald’s during the fourth quarter worth approximately $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.8 %

Shares of MCD stock opened at $300.00 on Friday. The firm has a 50-day moving average price of $296.96 and a 200 day moving average price of $296.79. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a market capitalization of $214.34 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced 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. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MCD. TD Securities restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Piper Sandler lowered their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Barclays lifted their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Bank of America lifted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is 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.