McDonald’s Co. (NYSE:MCD) Shares Acquired by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. boosted its holdings in McDonald’s Co. (NYSE:MCD) by 5.4% during the fourth quarter, HoldingsChannel reports. The fund owned 11,479 shares of the fast-food giant’s stock after buying an additional 593 shares during the period. McDonald’s comprises 1.2% of Borer Denton & Associates Inc.’s holdings, making the stock its 24th biggest position. Borer Denton & Associates Inc.’s holdings in McDonald’s were worth $3,328,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the 3rd quarter worth about $25,000. Atala Financial Inc purchased a new position in McDonald’s during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the fourth quarter valued at about $27,000. Collier Financial purchased a new stake in shares of McDonald’s in the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC lifted its holdings in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Up 0.4 %

Shares of MCD stock opened at $307.01 on Wednesday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock’s 50-day moving average price is $299.72 and its 200 day moving average price is $297.78. The stock has a market capitalization of $219.35 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Citigroup boosted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler lowered their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Robert W. Baird upped their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.39.

Insiders Place Their Bets

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,405 shares of company stock worth $9,886,656. Corporate insiders own 0.23% of the company’s stock.

McDonald’s 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.