Atala Financial Inc Purchases New Position in McDonald’s Co. (NYSE:MCD)

Atala Financial Inc acquired a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 88 shares of the fast-food giant’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Boltwood Capital Management increased its position in shares of McDonald’s by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock valued at $546,000 after buying an additional 35 shares in the last quarter. Pettee Investors Inc. increased its position in shares of McDonald’s by 0.7% in the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock valued at $1,566,000 after buying an additional 35 shares in the last quarter. Modus Advisors LLC increased its position in shares of McDonald’s by 0.4% in the fourth quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock valued at $2,724,000 after buying an additional 36 shares in the last quarter. Independent Wealth Network Inc. boosted its stake in shares of McDonald’s by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock worth $213,000 after acquiring an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC boosted its stake in shares of McDonald’s by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after acquiring an additional 36 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 3,200 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company’s stock, valued at $2,964,892.08. This represents a 24.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 in the last quarter. 0.23% of the stock is owned by company insiders.

McDonald’s Trading Up 0.8 %

MCD stock opened at $300.00 on Friday. The company has a market capitalization of $214.34 billion, a PE ratio of 26.34, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The business’s fifty day moving average price is $296.96 and its 200 day moving average price is $296.84.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) 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%. Research analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on MCD. Truist Financial lowered their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Bank of America lifted their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Piper Sandler lowered their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Loop Capital reissued a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Finally, BMO Capital Markets boosted their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

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.