State of New Jersey Common Pension Fund D Sells 1,134 Shares of McDonald’s Co. (NYSE:MCD)

State of New Jersey Common Pension Fund D decreased its position in shares of McDonald’s Co. (NYSE:MCD) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,914 shares of the fast-food giant’s stock after selling 1,134 shares during the period. State of New Jersey Common Pension Fund D’s holdings in McDonald’s were worth $76,796,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Americana Partners LLC increased its position in McDonald’s by 1,509.1% during the 4th quarter. Americana Partners LLC now owns 73,424 shares of the fast-food giant’s stock worth $21,285,000 after buying an additional 68,861 shares during the period. Philip James Wealth Mangement LLC increased its position in shares of McDonald’s by 13.2% in the fourth quarter. Philip James Wealth Mangement LLC now owns 2,323 shares of the fast-food giant’s stock worth $673,000 after purchasing an additional 270 shares during the period. Capital Performance Advisors LLP increased its position in shares of McDonald’s by 9.1% in the fourth quarter. Capital Performance Advisors LLP now owns 855 shares of the fast-food giant’s stock worth $248,000 after purchasing an additional 71 shares during the period. Baillie Gifford & Co. increased its position in shares of McDonald’s by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 147,954 shares of the fast-food giant’s stock worth $42,890,000 after purchasing an additional 9,799 shares during the period. Finally, Strategic Advisors LLC increased its position in shares of McDonald’s by 6.2% in the fourth quarter. Strategic Advisors LLC now owns 2,177 shares of the fast-food giant’s stock worth $631,000 after purchasing an additional 128 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of a number of recent analyst reports. Piper Sandler decreased their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. TD Securities restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Citigroup raised their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Truist Financial decreased their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company raised their price objective on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Ten equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Price Performance

McDonald’s stock opened at $308.59 on Monday. The stock’s 50 day moving average is $291.98 and its 200 day moving average is $292.71. The firm has a market cap of $221.14 billion, a P/E ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

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 175.42% and a net margin of 31.79%. Equities analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, December 23rd. The stock was 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 approximately $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. 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 ninety days. 0.23% of the stock is owned by company insiders.

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.