6,079 Shares in McDonald’s Co. (NYSE:MCD) Acquired by TigerOak Management L.L.C.

TigerOak Management L.L.C. acquired a new stake in McDonald’s Co. (NYSE:MCD) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 6,079 shares of the fast-food giant’s stock, valued at approximately $1,762,000. McDonald’s makes up about 0.6% of TigerOak Management L.L.C.’s holdings, making the stock its 28th biggest position.

A number of other hedge funds have also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new position in shares of McDonald’s in the 3rd quarter valued at $1,394,000. YANKCOM Partnership acquired a new stake in McDonald’s during the 4th quarter worth $1,628,000. Charles Schwab Investment Management Inc. raised its stake in McDonald’s by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock worth $1,694,403,000 after buying an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of McDonald’s by 6.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant’s stock valued at $14,978,000 after purchasing an additional 2,997 shares during the period. Finally, PFW Advisors LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $2,471,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,906 shares of company stock worth $5,406,382. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.5 %

Shares of McDonald’s stock opened at $308.59 on Friday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market cap of $221.14 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74. The company’s fifty day moving average is $291.98 and its 200 day moving average is $292.53.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. As a group, equities analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.29%. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. KeyCorp raised their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Wedbush lifted their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Truist Financial cut 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 report on Tuesday, February 11th. Guggenheim downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Finally, Loop Capital reiterated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.61.

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.