Atlas Legacy Advisors LLC Makes New $694,000 Investment in McDonald’s Co. (NYSE:MCD)

Atlas Legacy Advisors LLC bought a new stake in McDonald’s Co. (NYSE:MCD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,395 shares of the fast-food giant’s stock, valued at approximately $694,000.

Other large investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in McDonald’s in the 4th quarter valued at $946,000. Callahan Advisors LLC increased its position in McDonald’s by 8.2% during the 4th quarter. Callahan Advisors LLC now owns 59,810 shares of the fast-food giant’s stock worth $17,338,000 after buying an additional 4,538 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of McDonald’s by 65.9% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 35,237 shares of the fast-food giant’s stock worth $10,215,000 after buying an additional 13,998 shares in the last quarter. Ramsay Stattman Vela & Price Inc. boosted its position in shares of McDonald’s by 1.2% in the fourth quarter. Ramsay Stattman Vela & Price Inc. now owns 7,552 shares of the fast-food giant’s stock valued at $2,189,000 after acquiring an additional 90 shares during the period. Finally, Waycross Partners LLC grew its stake in shares of McDonald’s by 1,818.0% in the fourth quarter. Waycross Partners LLC now owns 49,445 shares of the fast-food giant’s stock valued at $14,334,000 after acquiring an additional 46,867 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD opened at $304.85 on Wednesday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market capitalization of $218.46 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.16 and a beta of 0.74. The stock has a fifty day moving average of $292.20 and a 200-day moving average of $293.38.

McDonald’s (NYSE:MCD) last posted its 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 annualized dividend and a yield of 2.32%. McDonald’s’s dividend payout ratio is presently 62.16%.

Insiders Place Their Bets

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,906 shares of company stock valued at $5,406,382 in the last ninety days. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on MCD. TD Securities reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Piper Sandler reduced their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. KeyCorp lifted 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. Finally, Robert W. Baird upped their target price on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target 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.