McDonald’s Co. (NYSE:MCD) Shares Acquired by DT Investment Partners LLC

DT Investment Partners LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,791 shares of the fast-food giant’s stock after buying an additional 181 shares during the quarter. DT Investment Partners LLC’s holdings in McDonald’s were worth $1,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MCD. Exchange Traded Concepts LLC lifted its position in McDonald’s by 1.7% in the third quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock valued at $765,000 after acquiring an additional 42 shares during the last quarter. Creative Planning raised its holdings in shares of McDonald’s by 1.4% in the third quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock valued at $100,311,000 after buying an additional 4,480 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of McDonald’s by 1.9% in the third quarter. Wolff Wiese Magana LLC now owns 3,951 shares of the fast-food giant’s stock valued at $1,203,000 after buying an additional 75 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of McDonald’s by 5.5% in the third quarter. Physician Wealth Advisors Inc. now owns 1,865 shares of the fast-food giant’s stock valued at $584,000 after buying an additional 98 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of McDonald’s by 3.5% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,490 shares of the fast-food giant’s stock valued at $3,803,000 after buying an additional 426 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,906 shares of company stock valued at $5,406,382 over the last quarter. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley upped their target price on shares of McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday. Robert W. Baird upped their target price on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday. Truist Financial dropped their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Finally, Wedbush boosted their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Price Performance

Shares of NYSE MCD opened at $309.99 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market capitalization of $222.15 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The firm’s 50-day moving average is $291.58 and its two-hundred day moving average is $292.08.

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 the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. On average, analysts forecast that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

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.