Purkiss Capital Advisors LLC Takes Position in McDonald’s Co. (NYSE:MCD)

Purkiss Capital Advisors LLC bought a new position in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,139 shares of the fast-food giant’s stock, valued at approximately $910,000. McDonald’s accounts for approximately 0.8% of Purkiss Capital Advisors LLC’s holdings, making the stock its 27th largest position.

Other hedge funds have also recently bought and sold shares of the company. Summit Wealth Partners LLC bought a new stake in shares of McDonald’s during the third quarter valued at about $213,000. Principal Securities Inc. lifted its stake in McDonald’s by 3.9% during the third quarter. Principal Securities Inc. now owns 10,133 shares of the fast-food giant’s stock valued at $3,086,000 after purchasing an additional 380 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of McDonald’s by 9.8% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,058 shares of the fast-food giant’s stock valued at $322,000 after acquiring an additional 94 shares during the last quarter. Lebenthal Global Advisors LLC purchased a new stake in shares of McDonald’s during the third quarter valued at $203,000. Finally, Americana Partners LLC lifted its stake in McDonald’s by 0.9% during the third quarter. Americana Partners LLC now owns 4,563 shares of the fast-food giant’s stock valued at $1,389,000 after buying an additional 39 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last 90 days. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. KeyCorp raised 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. Piper Sandler decreased their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Wedbush lifted their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $308.17 on Friday. The company has a market capitalization of $220.18 billion, a PE ratio of 27.06, a P/E/G ratio of 3.10 and a beta of 0.74. The company’s fifty day moving average is $294.06 and its 200-day moving average is $295.27. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 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.