1,393 Shares in McDonald’s Co. (NYSE:MCD) Bought by Polymer Capital Management US LLC

Polymer Capital Management US 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 SEC. The institutional investor purchased 1,393 shares of the fast-food giant’s stock, valued at approximately $404,000.

Other large investors have also added to or reduced their stakes in the company. United Bank grew its position in shares of McDonald’s by 3.5% in the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock worth $1,963,000 after buying an additional 218 shares during the last quarter. Morse Asset Management Inc boosted its holdings in McDonald’s by 12.8% in the third quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant’s stock valued at $1,031,000 after acquiring an additional 385 shares in the last quarter. iA Global Asset Management Inc. increased its position in McDonald’s by 2,350.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 27,200 shares of the fast-food giant’s stock valued at $8,283,000 after purchasing an additional 26,090 shares during the period. XTX Topco Ltd purchased a new position in McDonald’s during the 3rd quarter valued at $1,326,000. Finally, Orion Portfolio Solutions LLC raised its holdings in McDonald’s by 0.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 44,433 shares of the fast-food giant’s stock worth $13,530,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 5.8 %

MCD opened at $299.68 on Monday. The stock has a market capitalization of $214.11 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.10 and a beta of 0.62. The firm has a 50 day moving average price of $304.34 and a 200-day moving average price of $298.80. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently declared 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. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 300 shares of the company’s 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 completion of the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock valued at $8,461,400 in the last quarter. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. Piper Sandler lowered their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Morgan Stanley lowered their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday, March 17th. Robert W. Baird upped their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. TD Securities reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Finally, Citigroup reduced their target price on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $323.30.

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.