McDonald’s Co. (NYSE:MCD) Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC grew its position in McDonald’s Co. (NYSE:MCD) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,468 shares of the fast-food giant’s stock after acquiring an additional 1,202 shares during the quarter. Great Lakes Advisors LLC’s holdings in McDonald’s were worth $9,702,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC boosted its holdings in shares of McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after acquiring an additional 55 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s in the third quarter valued at approximately $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCD has been the subject of several recent research reports. Citigroup increased their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Truist Financial decreased 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. Finally, KeyCorp increased their price target on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $323.61.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, 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 transaction 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 dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Down 2.4 %

Shares of MCD stock opened at $299.40 on Thursday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market cap of $213.91 billion, a P/E ratio of 26.29, a P/E/G ratio of 3.10 and a beta of 0.71. The business has a fifty day simple moving average of $296.76 and a 200-day simple moving average of $296.70.

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

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

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.