McDonald’s Co. (NYSE:MCD) Stock Position Lowered by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. decreased its position in McDonald’s Co. (NYSE:MCD) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,407 shares of the fast-food giant’s stock after selling 120 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in McDonald’s were worth $698,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s during the fourth quarter valued at approximately $27,000. Collier Financial bought a new stake in McDonald’s during the fourth quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the third quarter worth approximately $31,000. Finally, Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter valued at $44,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MCD. Truist Financial reduced their price objective 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. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Morgan Stanley boosted their price objective on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. KeyCorp upped their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, TD Securities reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Ten investment 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 an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Price Performance

MCD opened at $304.76 on Friday. The company has a market capitalization of $218.40 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The business has a 50-day moving average of $292.61 and a 200-day moving average of $293.76.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. On average, equities research analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,205 shares of company stock valued at $6,703,569. Insiders own 0.23% of the company’s stock.

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.