Sierra Summit Advisors LLC Acquires 3,128 Shares of McDonald’s Co. (NYSE:MCD)

Sierra Summit Advisors LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 153.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,160 shares of the fast-food giant’s stock after purchasing an additional 3,128 shares during the quarter. Sierra Summit Advisors LLC’s holdings in McDonald’s were worth $1,496,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KeyCorp increased their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Bank of America increased their price target on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Morgan Stanley reduced their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Piper Sandler lowered their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, Robert W. Baird boosted their target price on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $323.30.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $299.68 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The firm has a market cap of $214.11 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The firm’s 50 day simple moving average is $304.34 and its 200-day simple moving average is $298.80.

McDonald’s (NYSE:MCD) last issued its earnings results 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 181.63% and a net margin of 31.73%. Equities research analysts predict 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 was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insider Activity

In other news, 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 value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is currently owned by corporate insiders.

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.