Signature Resources Capital Management LLC Purchases New Position in McDonald’s Co. (NYSE:MCD)

Signature Resources Capital Management LLC purchased a new position in McDonald’s Co. (NYSE:MCD) in the fourth quarter, HoldingsChannel reports. The fund purchased 105 shares of the fast-food giant’s stock, valued at approximately $31,000.

Other large investors have also bought and sold shares of the company. Ironwood Wealth Management LLC. boosted its stake in McDonald’s by 2.6% during the third quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant’s stock worth $1,031,000 after acquiring an additional 100 shares in the last quarter. Kowal Investment Group LLC grew its stake in shares of McDonald’s by 2.8% in the 3rd quarter. Kowal Investment Group LLC now owns 6,386 shares of the fast-food giant’s stock worth $1,682,000 after buying an additional 172 shares during the last quarter. Northstar Asset Management LLC increased its position in McDonald’s by 5.8% during the 3rd quarter. Northstar Asset Management LLC now owns 4,776 shares of the fast-food giant’s stock valued at $1,258,000 after buying an additional 260 shares in the last quarter. Mastrapasqua Asset Management Inc. raised its stake in McDonald’s by 0.8% during the third quarter. Mastrapasqua Asset Management Inc. now owns 30,796 shares of the fast-food giant’s stock valued at $8,113,000 after buying an additional 241 shares during the last quarter. Finally, Gill Capital Partners LLC boosted its holdings in McDonald’s by 5.4% in the third quarter. Gill Capital Partners LLC now owns 855 shares of the fast-food giant’s stock worth $225,000 after acquiring an additional 44 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 1.1 %

McDonald’s stock traded down $2.96 during trading on Friday, reaching $270.32. The company had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. The firm’s 50-day simple moving average is $279.53 and its 200 day simple moving average is $282.35. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The firm has a market capitalization of $194.90 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. McDonald’s’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.63 earnings per share. On average, analysts predict that McDonald’s Co. will post 12.18 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.47%. McDonald’s’s payout ratio is 56.71%.

Wall Street Analyst Weigh In

MCD has been the subject of several analyst reports. Stifel Nicolaus lowered their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Truist Financial decreased their target price on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating for the company in a report on Thursday. Robert W. Baird cut their price target on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays decreased their price objective on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Finally, UBS Group cut their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $317.74.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.