Pollock Investment Advisors LLC Makes New $257,000 Investment in McDonald’s Co. (NYSE:MCD)

Pollock Investment Advisors LLC purchased a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, Holdings Channel reports. The firm purchased 885 shares of the fast-food giant’s stock, valued at approximately $257,000.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s in the third quarter valued at approximately $25,000. Atala Financial Inc purchased a new position in McDonald’s during the fourth quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s during the fourth quarter worth $27,000. Collier Financial purchased a new stake in McDonald’s in the 4th quarter valued at $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MCD shares. Piper Sandler lowered their price target 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. BMO Capital Markets boosted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Bank of America raised their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Barclays upped their price objective on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Wedbush raised their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’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 sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock worth $10,206,575 over the last 90 days. 0.23% of the stock is owned by insiders.

McDonald’s Stock Up 0.8 %

Shares of MCD stock opened at $300.00 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a 50 day moving average of $296.96 and a two-hundred day moving average of $296.84. The stock has a market capitalization of $214.34 billion, a PE ratio of 26.34, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

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 issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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.