8,867 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Integras Partners LLC

Integras Partners LLC purchased a new position in shares of McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,867 shares of the fast-food giant’s stock, valued at approximately $2,571,000. McDonald’s comprises approximately 2.2% of Integras Partners LLC’s holdings, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boltwood Capital Management lifted its position in 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 purchasing an additional 35 shares during the period. Pettee Investors Inc. lifted its position in 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 purchasing an additional 35 shares during the period. Modus Advisors LLC lifted its position in 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 purchasing an additional 36 shares during the period. Independent Wealth Network Inc. lifted its position in McDonald’s by 5.1% in the fourth quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant’s stock valued at $213,000 after purchasing an additional 36 shares during the period. Finally, Blue Barn Wealth LLC lifted its position in McDonald’s by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock valued at $252,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction 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 $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,504 shares of company stock valued at $10,206,575 in the last ninety days. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MCD. Robert W. Baird raised their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Morgan Stanley lifted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Barclays lifted 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, February 10th. Piper Sandler reduced their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Citigroup lifted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Performance

MCD stock opened at $297.45 on Friday. The stock has a market capitalization of $212.52 billion, a P/E ratio of 26.11, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The company has a 50 day moving average price of $296.86 and a two-hundred day moving average price of $296.71.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. Research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.38%. McDonald’s’s payout ratio is currently 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, Spain, and the U.K.