Lee Danner & Bass Inc. Has $4 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Lee Danner & Bass Inc. boosted its stake in shares of McDonald’s Co. (NYSE:MCD) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,807 shares of the fast-food giant’s stock after buying an additional 270 shares during the quarter. Lee Danner & Bass Inc.’s holdings in McDonald’s were worth $4,003,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Independent Solutions Wealth Management LLC boosted its position in McDonald’s by 1.0% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 9,031 shares of the fast-food giant’s stock valued at $2,618,000 after purchasing an additional 92 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in McDonald’s by 4.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 16,402 shares of the fast-food giant’s stock valued at $4,755,000 after purchasing an additional 682 shares during the last quarter. Whittier Trust Co. boosted its position in McDonald’s by 1.9% during the fourth quarter. Whittier Trust Co. now owns 73,275 shares of the fast-food giant’s stock valued at $21,241,000 after purchasing an additional 1,391 shares during the last quarter. Symmetry Partners LLC boosted its position in McDonald’s by 2.9% during the fourth quarter. Symmetry Partners LLC now owns 1,639 shares of the fast-food giant’s stock valued at $475,000 after purchasing an additional 46 shares during the last quarter. Finally, Berkeley Capital Partners LLC boosted its position in McDonald’s by 4.2% during the fourth quarter. Berkeley Capital Partners LLC now owns 5,667 shares of the fast-food giant’s stock valued at $1,643,000 after purchasing an additional 231 shares during the last quarter. 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 McDonald’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 transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s 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 transaction, the insider now owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,504 shares of company stock worth $10,206,575. Insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $307.18 on Friday. The stock’s fifty day moving average price is $298.30 and its two-hundred day moving average price is $297.26. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The firm has a market cap of $219.47 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. Sell-side analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. McDonald’s’s payout ratio is 62.16%.

Analysts Set New Price Targets

Several brokerages recently commented on MCD. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday. Citigroup raised their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Piper Sandler cut their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, KeyCorp raised their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus target price of $323.39.

McDonald’s Company 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.