Tower Research Capital LLC TRC Has $13.59 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Tower Research Capital LLC TRC reduced its position in shares of McDonald’s Co. (NYSE:MCD) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,885 shares of the fast-food giant’s stock after selling 1,121 shares during the quarter. Tower Research Capital LLC TRC’s holdings in McDonald’s were worth $13,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Morse Asset Management Inc lifted its stake in shares of McDonald’s by 12.8% in the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant’s stock valued at $1,031,000 after purchasing an additional 385 shares during the period. McIlrath & Eck LLC increased its holdings in McDonald’s by 11.6% in the third quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant’s stock valued at $468,000 after purchasing an additional 160 shares during the last quarter. Virtu Financial LLC acquired a new position in McDonald’s in the third quarter valued at about $1,647,000. Diamant Asset Management Inc. boosted its holdings in McDonald’s by 1.9% during the third quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant’s stock worth $2,906,000 after buying an additional 180 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of McDonald’s during the 3rd quarter worth about $394,000. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $310.82 on Friday. The company’s 50-day moving average is $307.38 and its 200-day moving average is $299.32. The firm has a market capitalization of $222.07 billion, a PE ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald’s (NYSE:MCD) last released its quarterly earnings data 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%. As a group, analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MCD. KeyCorp increased their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Truist Financial reduced their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Piper Sandler decreased their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Morgan Stanley cut their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $322.87.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock valued at $8,461,400 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

About McDonald’s

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.