Peregrine Asset Advisers Inc. Buys 401 Shares of McDonald’s Co. (NYSE:MCD)

Peregrine Asset Advisers Inc. lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 20.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,354 shares of the fast-food giant’s stock after purchasing an additional 401 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in McDonald’s were worth $698,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Signature Resources Capital Management LLC bought a new position in shares of McDonald’s during the fourth quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC boosted its position in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of McDonald’s during the 3rd quarter worth approximately $33,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $39,000. Finally, Bear Mountain Capital Inc. acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $43,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

Shares of McDonald’s stock traded down $1.02 on Monday, reaching $269.30. 2,478,555 shares of the company’s stock were exchanged, compared to its average volume of 3,311,579. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The firm’s 50-day moving average is $278.97 and its two-hundred day moving average is $282.83. The company has a market capitalization of $194.17 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $2.63 earnings per share. On average, analysts expect that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.48%. McDonald’s’s payout ratio is currently 56.71%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. KeyCorp reduced their price target on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Royal Bank of Canada reduced their price target on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Bank of America increased their price target on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Truist Financial cut their target price on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Morgan Stanley cut their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $317.74.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.