Coldstream Capital Management Inc. Grows Holdings in McDonald’s Co. (NYSE:MCD)

Coldstream Capital Management Inc. increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,269 shares of the fast-food giant’s stock after purchasing an additional 974 shares during the period. Coldstream Capital Management Inc.’s holdings in McDonald’s were worth $9,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc increased its holdings in shares of McDonald’s by 12.8% in the third quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant’s stock valued at $1,031,000 after purchasing an additional 385 shares during the period. McIlrath & Eck LLC increased its stake in McDonald’s by 11.6% in the 3rd quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant’s stock valued at $468,000 after buying an additional 160 shares during the period. Virtu Financial LLC purchased a new position in McDonald’s during the 3rd quarter worth $1,647,000. Diamant Asset Management Inc. lifted its stake in shares of McDonald’s by 1.9% in the 3rd quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant’s stock worth $2,906,000 after acquiring an additional 180 shares during the period. Finally, Tudor Financial Inc. purchased a new stake in shares of McDonald’s in the third quarter valued at about $394,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the sale, the insider now owns 12,100 shares of the company’s stock, valued at approximately $3,853,850. The trade was a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated 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 approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,136 shares of company stock valued at $8,676,247. Insiders own 0.25% of the company’s stock.

McDonald’s Price Performance

Shares of NYSE MCD opened at $316.60 on Friday. The company has a 50-day simple moving average of $308.18 and a 200-day simple moving average of $299.80. The company has a market cap of $226.20 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MCD. Wedbush raised their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Truist Financial reduced their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Bank of America upped their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Citigroup reduced their target price on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, Morgan Stanley lowered their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $322.74.

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.