Roxbury Financial LLC Purchases New Position in McDonald’s Co. (NYSE:MCD)

Roxbury Financial LLC purchased a new stake in McDonald’s Co. (NYSE:MCD) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,711 shares of the fast-food giant’s stock, valued at approximately $1,099,000. McDonald’s accounts for approximately 1.1% of Roxbury Financial LLC’s holdings, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the third quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new position in McDonald’s in the fourth quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the third quarter valued at approximately $31,000. Finally, Hara Capital LLC acquired a new position in McDonald’s in the third quarter valued at approximately $44,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’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 completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,906 shares of company stock worth $5,406,382 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday. Robert W. Baird increased their price objective on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Truist Financial decreased their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Performance

NYSE:MCD opened at $308.59 on Friday. The stock has a fifty day moving average price of $291.78 and a two-hundred day moving average price of $292.20. The stock has a market capitalization of $221.14 billion, a price-to-earnings ratio of 27.09, 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.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

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.