Enterprise Financial Services Corp Has $1.80 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Enterprise Financial Services Corp grew its position in shares of McDonald’s Co. (NYSE:MCD) by 46.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,207 shares of the fast-food giant’s stock after acquiring an additional 1,961 shares during the quarter. McDonald’s accounts for 1.0% of Enterprise Financial Services Corp’s holdings, making the stock its 19th biggest position. Enterprise Financial Services Corp’s holdings in McDonald’s were worth $1,799,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth approximately $3,365,000. Holistic Planning LLC raised its stake in shares of McDonald’s by 6.2% during the 3rd quarter. Holistic Planning LLC now owns 2,101 shares of the fast-food giant’s stock worth $640,000 after purchasing an additional 122 shares in the last quarter. First Fiduciary Investment Counsel Inc. raised its stake in shares of McDonald’s by 0.4% during the 3rd quarter. First Fiduciary Investment Counsel Inc. now owns 18,939 shares of the fast-food giant’s stock worth $5,767,000 after purchasing an additional 70 shares in the last quarter. Windward Capital Management Co. CA bought a new stake in shares of McDonald’s during the 3rd quarter worth approximately $559,000. Finally, United Bank raised its stake in shares of McDonald’s by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock worth $1,963,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $321.52 on Friday. The stock’s 50 day moving average is $295.69 and its 200 day moving average is $296.32. The firm has a market cap of $229.71 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a one year low of $243.53 and a one year high of $323.17.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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 negative return on equity of 181.63% and a net margin of 31.73%. Equities analysts anticipate 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 will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’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 transaction, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays increased their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley increased their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price target on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. BMO Capital Markets increased their price target on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler dropped their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

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.