Next Capital Management LLC Purchases 176 Shares of McDonald’s Co. (NYSE:MCD)

Next Capital Management LLC increased its position in McDonald’s Co. (NYSE:MCD) by 4.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,472 shares of the fast-food giant’s stock after buying an additional 176 shares during the period. Next Capital Management LLC’s holdings in McDonald’s were worth $1,296,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. United Bank grew its holdings in McDonald’s by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock valued at $1,963,000 after buying an additional 218 shares in the last quarter. Quest Partners LLC increased its holdings in McDonald’s by 233.8% in the 3rd quarter. Quest Partners LLC now owns 1,552 shares of the fast-food giant’s stock valued at $473,000 after acquiring an additional 1,087 shares during the last quarter. OneAscent Wealth Management LLC purchased a new stake in McDonald’s in the 3rd quarter worth $370,000. Baron Wealth Management LLC bought a new position in shares of McDonald’s during the 3rd quarter valued at about $477,000. Finally, Windle Wealth LLC grew its position in shares of McDonald’s by 5.1% during the third quarter. Windle Wealth LLC now owns 24,384 shares of the fast-food giant’s stock valued at $7,425,000 after purchasing an additional 1,178 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is currently owned by company insiders.

McDonald’s Trading Down 0.1 %

Shares of McDonald’s stock opened at $303.60 on Wednesday. The stock’s fifty day moving average price is $297.49 and its 200-day moving average price is $297.13. The firm has a market cap of $216.91 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

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

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analysts Set New Price Targets

A number of brokerages recently commented on MCD. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wedbush raised their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday. Truist Financial dropped their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Bank of America upped their target price on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $323.39.

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.