9,966 Shares in McDonald’s Co. (NYSE:MCD) Acquired by AGP Franklin LLC

AGP Franklin LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,966 shares of the fast-food giant’s stock, valued at approximately $2,889,000. McDonald’s makes up 1.8% of AGP Franklin LLC’s investment portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boltwood Capital Management raised its position in McDonald’s by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after acquiring an additional 35 shares in the last quarter. Pettee Investors Inc. increased its holdings in shares of McDonald’s by 0.7% in the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock valued at $1,566,000 after purchasing an additional 35 shares in the last quarter. Covestor Ltd increased its holdings in shares of McDonald’s by 4.1% in the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant’s stock valued at $261,000 after purchasing an additional 35 shares in the last quarter. Modus Advisors LLC lifted its stake in shares of McDonald’s by 0.4% in the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after purchasing an additional 36 shares during the period. Finally, Independent Wealth Network Inc. boosted its holdings in McDonald’s by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MCD shares. Piper Sandler reduced their price target 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. JPMorgan Chase & Co. lifted their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Robert W. Baird cut their price target on McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Finally, KeyCorp increased their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $322.87.

McDonald’s Trading Up 2.0 %

Shares of NYSE:MCD opened at $316.12 on Tuesday. The firm has a market cap of $225.86 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 3.10 and a beta of 0.62. The stock’s 50-day moving average price is $306.66 and its two-hundred day moving average price is $299.09. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insider Transactions at McDonald’s

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock worth $8,461,400 in the last three months. 0.23% of the stock is currently owned by company insiders.

About McDonald’s

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.