9,280 Shares in McDonald’s Co. (NYSE:MCD) Bought by Rahlfs Capital LLC

Rahlfs Capital LLC purchased a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,280 shares of the fast-food giant’s stock, valued at approximately $2,690,000. McDonald’s accounts for approximately 2.5% of Rahlfs Capital LLC’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in McDonald’s in the 3rd quarter worth $25,000. Atala Financial Inc purchased a new stake in shares of McDonald’s during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald’s during the 4th quarter valued at approximately $27,000. Collier Financial bought a new position in McDonald’s in the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC grew its holdings in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. TD Securities reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Piper Sandler dropped their target price on 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 target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Citigroup reduced their price target on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $323.30.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on 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 directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,497 shares of company stock valued at $8,461,400. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $299.68 on Friday. The business has a 50 day moving average price of $304.34 and a 200 day moving average price of $298.72. The company has a market capitalization of $214.11 billion, a P/E ratio of 26.31, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. As a group, research analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

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.