Redwood Park Advisors LLC Takes $89,000 Position in McDonald’s Co. (NYSE:MCD)

Redwood Park Advisors LLC acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 306 shares of the fast-food giant’s stock, valued at approximately $89,000.

Several other large investors also recently made changes to their positions in MCD. Morse Asset Management Inc raised its position in McDonald’s by 12.8% in the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant’s stock valued at $1,031,000 after buying an additional 385 shares during the last quarter. Neo Ivy Capital Management acquired a new position in McDonald’s in the 3rd quarter worth about $408,000. Soltis Investment Advisors LLC grew its position in shares of McDonald’s by 6.9% in the 3rd quarter. Soltis Investment Advisors LLC now owns 2,869 shares of the fast-food giant’s stock valued at $874,000 after buying an additional 184 shares during the last quarter. Hohimer Wealth Management LLC grew its position in shares of McDonald’s by 1.0% in the 3rd quarter. Hohimer Wealth Management LLC now owns 9,266 shares of the fast-food giant’s stock valued at $2,822,000 after buying an additional 95 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its position in shares of McDonald’s by 11.6% during the 3rd quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant’s stock valued at $468,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several analyst reports. TD Securities reissued a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Barclays upped their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. BMO Capital Markets upped 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. Truist Financial cut their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Wedbush raised their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $322.87.

McDonald’s Price Performance

NYSE MCD opened at $304.01 on Thursday. The company’s fifty day moving average price is $305.38 and its two-hundred day moving average price is $298.93. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The company has a market capitalization of $217.20 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting 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, analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insiders Place Their Bets

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was 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 in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were 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 directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is currently owned by 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.