Csenge Advisory Group Has $2.65 Million Position in McDonald’s Co. (NYSE:MCD)

Csenge Advisory Group trimmed its holdings in shares of McDonald’s Co. (NYSE:MCD) by 16.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,132 shares of the fast-food giant’s stock after selling 1,744 shares during the period. Csenge Advisory Group’s holdings in McDonald’s were worth $2,647,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Exchange Traded Concepts LLC increased its holdings in McDonald’s by 1.7% during the third quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock worth $765,000 after buying an additional 42 shares during the last quarter. Creative Planning increased its stake in shares of McDonald’s by 1.4% during the 3rd quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock worth $100,311,000 after purchasing an additional 4,480 shares during the last quarter. LexAurum Advisors LLC bought a new stake in shares of McDonald’s in the 3rd quarter valued at about $201,000. Inspire Advisors LLC acquired a new stake in McDonald’s in the 3rd quarter valued at about $222,000. Finally, Pachira Investments Inc. bought a new position in McDonald’s during the third quarter worth about $229,000. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In related news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred 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 $453,882. This represents a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The shares were 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 of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,906 shares of company stock worth $5,406,382. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.5 %

MCD stock opened at $308.59 on Friday. The company’s 50-day moving average price is $291.98 and its two-hundred day moving average price is $292.53. The firm has a market cap of $221.14 billion, a P/E ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data 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 net margin of 31.79% and a negative return on equity of 175.42%. Equities analysts predict that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on MCD. JPMorgan Chase & Co. upped their price objective on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. BMO Capital Markets raised their price target on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Truist Financial decreased their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Barclays raised their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Morgan Stanley upped their price target on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

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.