McDonald’s Co. (NYSE:MCD) Shares Acquired by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,725 shares of the fast-food giant’s stock after acquiring an additional 60 shares during the quarter. Global X Japan Co. Ltd.’s holdings in McDonald’s were worth $500,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fairvoy Private Wealth LLC purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $3,046,000. Strategic Financial Concepts LLC boosted its holdings in McDonald’s by 26,948.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock valued at $66,023,000 after purchasing an additional 226,910 shares during the last quarter. Leo Wealth LLC grew its stake in shares of McDonald’s by 50.0% in the 4th quarter. Leo Wealth LLC now owns 3,724 shares of the fast-food giant’s stock valued at $1,080,000 after buying an additional 1,241 shares during the period. Iron Horse Wealth Management LLC grew its position in McDonald’s by 19.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 394 shares of the fast-food giant’s stock worth $114,000 after acquiring an additional 65 shares during the period. Finally, Consolidated Portfolio Review Corp acquired a new stake in McDonald’s during the fourth quarter worth $446,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the completion of the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,406 shares of company stock worth $2,150,857. 0.23% of the stock is owned by corporate insiders.

McDonald’s Trading Up 1.9 %

McDonald’s stock opened at $294.37 on Friday. The company’s 50-day moving average price is $290.75 and its two-hundred day moving average price is $290.37. The stock has a market cap of $210.95 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 3.83 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.41%. McDonald’s’s payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Barclays raised their target price on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Evercore ISI increased their price target on shares of McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. KeyCorp dropped their price objective on shares of McDonald’s from $330.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, TD Cowen reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $318.86.

About McDonald’s

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.