Arbor Capital Management Inc. ADV Acquires 47 Shares of McDonald’s Co. (NYSE:MCD)

Arbor Capital Management Inc. ADV boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,115 shares of the fast-food giant’s stock after acquiring an additional 47 shares during the quarter. Arbor Capital Management Inc. ADV’s holdings in McDonald’s were worth $1,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. bought a new position in McDonald’s during the fourth quarter valued at approximately $71,000. SlateStone Wealth LLC raised its position in shares of McDonald’s by 5.4% in the fourth quarter. SlateStone Wealth LLC now owns 15,290 shares of the fast-food giant’s stock valued at $4,433,000 after purchasing an additional 783 shares during the period. GWN Securities Inc. bought a new position in shares of McDonald’s in the fourth quarter valued at approximately $1,933,000. Van Hulzen Asset Management LLC raised its position in shares of McDonald’s by 2.1% in the fourth quarter. Van Hulzen Asset Management LLC now owns 103,389 shares of the fast-food giant’s stock valued at $29,961,000 after purchasing an additional 2,143 shares during the period. Finally, Patten & Patten Inc. TN raised its position in shares of McDonald’s by 4.6% in the fourth quarter. Patten & Patten Inc. TN now owns 9,287 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 405 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MCD shares. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. BMO Capital Markets lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Wedbush lifted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Morgan Stanley raised their price objective on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler lowered 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 note on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % 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 over the last ninety days. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $300.00 on Monday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company’s fifty day moving average is $296.96 and its 200-day moving average is $296.91. 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 (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

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

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.