6,502 Shares in McDonald’s Co. (NYSE:MCD) Acquired by Littlejohn Financial Services Inc.

Littlejohn Financial Services Inc. acquired a new stake in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,502 shares of the fast-food giant’s stock, valued at approximately $1,885,000. McDonald’s comprises about 1.7% of Littlejohn Financial Services Inc.’s portfolio, making the stock its 23rd biggest position.

A number of other institutional investors have also recently bought and sold shares of MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the third quarter worth $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s in the fourth quarter valued at about $27,000. Collier Financial bought a new position in McDonald’s during the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $31,000. Finally, Hara Capital LLC acquired a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.8 %

NYSE MCD opened at $309.99 on Friday. The firm’s fifty day moving average price is $291.58 and its two-hundred day moving average price is $292.08. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The firm has a market capitalization of $222.15 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. On average, research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,906 shares of company stock valued at $5,406,382. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. KeyCorp boosted their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday. Truist Financial lowered 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. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Robert W. Baird increased their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley lifted their price objective on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

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, Russia, Spain, and the U.K.