McDonald’s Co. (NYSE:MCD) Shares Acquired by StoneX Group Inc.

StoneX Group Inc. raised its holdings in McDonald’s Co. (NYSE:MCD) by 57.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,190 shares of the fast-food giant’s stock after acquiring an additional 8,084 shares during the quarter. StoneX Group Inc.’s holdings in McDonald’s were worth $6,433,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s in the third quarter valued at about $25,000. Atala Financial Inc purchased a new position in McDonald’s in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald’s during the 4th quarter valued at approximately $27,000. Collier Financial acquired a new stake in shares of McDonald’s in the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC grew its holdings in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,996 shares of company stock worth $8,897,534. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on MCD shares. Robert W. Baird boosted their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. BMO Capital Markets upped their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Bank of America boosted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Piper Sandler lowered their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, 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 research note on Tuesday, February 11th. Nine investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Trading Up 1.8 %

Shares of NYSE MCD opened at $312.74 on Tuesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market cap of $223.44 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The stock’s 50 day simple moving average is $302.16 and its 200 day simple moving average is $298.35.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) 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%. As a group, equities analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.26%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 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.