Park Capital Management LLC WI Invests $419,000 in McDonald’s Co. (NYSE:MCD)

Park Capital Management LLC WI acquired a new position in shares of McDonald’s Co. (NYSE:MCD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,445 shares of the fast-food giant’s stock, valued at approximately $419,000.

Several other institutional investors have also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC bought a new position in McDonald’s during the 3rd quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s in the 4th quarter valued at about $27,000. Collier Financial acquired a new stake in McDonald’s in the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC acquired a new stake in McDonald’s in the 3rd quarter valued at about $31,000. Finally, Hara Capital LLC acquired a new stake in McDonald’s in the 3rd quarter valued at about $44,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday. Truist Financial lowered their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup lifted their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Trading Down 0.9 %

Shares of MCD opened at $307.47 on Thursday. The company has a market cap of $220.34 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The company’s fifty day simple moving average is $291.33 and its 200 day simple moving average is $291.97.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. As a group, research analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Dividend Announcement

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 paid a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The shares were 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 $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the 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 sale, the insider now owns 7,887 shares in the company, valued at $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. Over the last three months, insiders have sold 7,406 shares of company stock worth $2,150,857. Corporate insiders own 0.23% of the company’s stock.

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, Russia, Spain, and the U.K.