Certuity LLC Buys 2,397 Shares of McDonald’s Co. (NYSE:MCD)

Certuity LLC increased its stake in McDonald’s Co. (NYSE:MCD) by 73.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,651 shares of the fast-food giant’s stock after buying an additional 2,397 shares during the period. Certuity LLC’s holdings in McDonald’s were worth $1,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s during the 4th quarter valued at $27,000. Collier Financial purchased a new stake in shares of McDonald’s during the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s in the third quarter worth $31,000. Finally, Hara Capital LLC purchased a new position in shares of McDonald’s during the third quarter valued at about $44,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MCD. Truist Financial dropped their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup upped their target price on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday. KeyCorp lifted 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. Barclays increased their price target on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wedbush boosted their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Up 0.6 %

NYSE:MCD opened at $310.16 on Wednesday. The company has a fifty day moving average of $291.02 and a 200-day moving average of $291.56. The firm has a market capitalization of $222.27 billion, a P/E ratio of 27.23, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. On average, analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

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

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, Russia, Spain, and the U.K.