TigerOak Management L.L.C. Buys New Shares in McDonald’s Co. (NYSE:MCD)

TigerOak Management L.L.C. bought a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,079 shares of the fast-food giant’s stock, valued at approximately $1,762,000. McDonald’s comprises about 0.6% of TigerOak Management L.L.C.’s investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC increased its stake in McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after acquiring an additional 35 shares during the last quarter. GDS Wealth Management boosted its holdings in McDonald’s by 1.4% in the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after purchasing an additional 35 shares during the last quarter. Boltwood Capital Management increased its holdings in McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares during the last quarter. McAdam LLC increased its holdings in McDonald’s by 1.7% during the 3rd quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock worth $663,000 after purchasing an additional 36 shares during the last quarter. Finally, LCM Capital Management Inc increased its holdings in McDonald’s by 1.3% during the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock worth $879,000 after purchasing an additional 36 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,906 shares of company stock valued at $5,406,382. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MCD. KeyCorp lifted their target price on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Securities restated a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Piper Sandler dropped their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Loop Capital reissued a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $323.61.

McDonald’s Price Performance

Shares of NYSE MCD opened at $308.59 on Friday. The business’s 50-day moving average price is $291.98 and its two-hundred day moving average price is $292.53. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The company has a market capitalization of $221.14 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its quarterly earnings results 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 negative return on equity of 175.42% and a net margin of 31.79%. On average, equities analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio (DPR) is presently 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, Spain, and the U.K.