Murphy & Mullick Capital Management Corp Takes Position in McDonald’s Co. (NYSE:MCD)

Murphy & Mullick Capital Management Corp purchased a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 408 shares of the fast-food giant’s stock, valued at approximately $118,000.

Several other institutional investors also recently bought and sold shares of MCD. Legacy Investment Solutions LLC bought a new position in shares of McDonald’s in the third quarter worth approximately $25,000. Atala Financial Inc purchased a new position in McDonald’s in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in McDonald’s in the 4th quarter valued at approximately $27,000. Collier Financial purchased a new stake in McDonald’s during the 4th quarter valued at $29,000. Finally, Fairway Wealth LLC increased its holdings in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,405 shares of company stock valued at $9,886,656. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Up 2.1 %

NYSE MCD opened at $313.39 on Thursday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a market cap of $223.91 billion, a PE ratio of 27.51, a P/E/G ratio of 3.10 and a beta of 0.71. The stock’s 50 day moving average is $300.34 and its 200 day moving average is $297.89.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 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%. On average, analysts forecast that McDonald’s Co. will post 12.25 EPS 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 given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald’s’s payout ratio is 62.16%.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent analyst reports. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Citigroup increased their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Piper Sandler cut their target price 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. Finally, KeyCorp increased their price target on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Nine 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. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.39.

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.