3,681 Shares in McDonald’s Co. (NYSE:MCD) Bought by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,681 shares of the fast-food giant’s stock, valued at approximately $1,067,000.

A number of other hedge funds have also bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of McDonald’s in the third quarter worth about $31,000. Hara Capital LLC purchased a new stake in McDonald’s during the 3rd quarter valued at approximately $44,000. Financial Life Planners bought a new stake in McDonald’s in the 4th quarter valued at $49,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of McDonald’s in the third quarter worth about $58,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MCD shares. Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a report on Wednesday, October 23rd. TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Tuesday, October 29th. Wells Fargo & Company raised their target price on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Piper Sandler dropped their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.86.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

NYSE:MCD opened at $294.39 on Monday. The company’s fifty day moving average price is $290.70 and its 200-day moving average price is $290.89. The firm has a market capitalization of $210.97 billion, a P/E ratio of 25.85, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

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, Russia, Spain, and the U.K.