Dahring Cusmano LLC Buys New Stake in McDonald’s Co. (NYSE:MCD)

Dahring Cusmano LLC acquired a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 827 shares of the fast-food giant’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the 4th quarter valued at about $27,000. Collier Financial bought a new stake in shares of McDonald’s in the 4th quarter valued at 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 bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $44,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 0.6 %

Shares of MCD stock opened at $304.76 on Friday. The firm has a 50-day moving average price of $292.61 and a 200 day moving average price of $293.76. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The company has a market capitalization of $218.40 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.09 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, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Wedbush boosted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Morgan Stanley lifted their price objective on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Piper Sandler cut their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Bank of America lifted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $304.60, for a total transaction of $334,755.40. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $475,176. The trade was a 41.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,205 shares of company stock valued at $6,703,569. Corporate insiders own 0.23% of the company’s stock.

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.