Stenger Family Office LLC Makes New Investment in McDonald’s Co. (NYSE:MCD)

Stenger Family Office LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,625 shares of the fast-food giant’s stock, valued at approximately $1,921,000.

Several other institutional investors have also modified their holdings of the company. Morse Asset Management Inc boosted its position in shares of 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 worth $1,031,000 after buying an additional 385 shares in the last quarter. McIlrath & Eck LLC raised its position in McDonald’s by 11.6% during the third quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant’s stock worth $468,000 after acquiring an additional 160 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of McDonald’s in the third quarter valued at about $1,647,000. Diamant Asset Management Inc. grew its position in shares of McDonald’s by 1.9% in the third quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant’s stock valued at $2,906,000 after purchasing an additional 180 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new position in shares of McDonald’s during the 3rd quarter worth approximately $394,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $312.34 on Wednesday. The company has a market cap of $223.15 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock’s 50-day moving average is $307.01 and its 200-day moving average is $299.18.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS 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%. Research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 2.27%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wedbush increased their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Robert W. Baird cut their target price on shares of McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Morgan Stanley reduced their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. Finally, Piper Sandler lowered their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $322.87.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,497 shares of company stock worth $8,461,400. Corporate insiders own 0.23% of the company’s stock.

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.