Delta Financial Group Inc. Acquires Shares of 2,621 McDonald’s Co. (NYSE:MCD)

Delta Financial Group Inc. bought a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,621 shares of the fast-food giant’s stock, valued at approximately $760,000.

Other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the 3rd quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s in the fourth quarter valued at $27,000. Collier Financial bought a new position in McDonald’s during the 4th quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s during the 3rd quarter worth $31,000. Finally, Marshall Investment Management LLC bought a new stake in shares of McDonald’s in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Up 0.6 %

McDonald’s stock opened at $304.76 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market cap of $218.40 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74. The company’s 50-day moving average price is $292.61 and its two-hundred day moving average price is $293.92.

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 analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Research analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Insider Activity at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, 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. Insiders sold 22,205 shares of company stock valued at $6,703,569 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. 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. TD Cowen reiterated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Tuesday, October 29th. Wedbush raised their price objective on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Finally, TD Securities restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

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.