McDonald’s Co. (NYSE:MCD) Shares Acquired by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. lifted its position in McDonald’s Co. (NYSE:MCD) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,697 shares of the fast-food giant’s stock after purchasing an additional 51 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in McDonald’s were worth $1,652,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. raised its holdings in shares of McDonald’s by 1.5% in the third quarter. Pinnacle Associates Ltd. now owns 54,912 shares of the fast-food giant’s stock valued at $16,282,000 after buying an additional 817 shares during the last quarter. Diversify Wealth Management LLC increased its stake in McDonald’s by 13.3% in the 3rd quarter. Diversify Wealth Management LLC now owns 6,715 shares of the fast-food giant’s stock valued at $2,005,000 after buying an additional 787 shares during the period. SteelPeak Wealth LLC increased its stake in shares of McDonald’s by 242.3% during the third quarter. SteelPeak Wealth LLC now owns 25,762 shares of the fast-food giant’s stock worth $7,845,000 after acquiring an additional 18,236 shares during the period. JFS Wealth Advisors LLC raised its holdings in McDonald’s by 63.8% during the third quarter. JFS Wealth Advisors LLC now owns 7,364 shares of the fast-food giant’s stock worth $2,242,000 after purchasing an additional 2,867 shares in the last quarter. Finally, Tandem Capital Management Corp ADV acquired a new stake in McDonald’s in the third quarter valued at about $221,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $309.88 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The business’s 50-day moving average is $293.75 and its two-hundred day moving average is $294.82. The firm has a market capitalization of $222.07 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s payout ratio is currently 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on 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 owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,504 shares of company stock valued at $9,897,305. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MCD shares. Barclays increased their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Wedbush boosted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Morgan Stanley boosted their price objective on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s 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.