McDonald’s Co. (NYSE:MCD) Shares Bought by West Family Investments Inc.

West Family Investments Inc. raised its position in McDonald’s Co. (NYSE:MCD) by 1.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,876 shares of the fast-food giant’s stock after buying an additional 79 shares during the quarter. West Family Investments Inc.’s holdings in McDonald’s were worth $1,414,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of McDonald’s by 8.9% during the 3rd quarter. Van ECK Associates Corp now owns 17,809 shares of the fast-food giant’s stock worth $5,317,000 after purchasing an additional 1,451 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth $102,000. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of McDonald’s during the 3rd quarter worth $835,000. Graypoint LLC boosted its position in shares of McDonald’s by 5.7% during the 3rd quarter. Graypoint LLC now owns 8,350 shares of the fast-food giant’s stock worth $2,543,000 after purchasing an additional 451 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC boosted its position in shares of McDonald’s by 47.2% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,928 shares of the fast-food giant’s stock worth $587,000 after purchasing an additional 618 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Loop Capital restated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a research report on Friday, January 3rd. Truist Financial decreased their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. KeyCorp boosted their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Wedbush boosted their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Buying and Selling

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. This trade represents a 69.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Price Performance

NYSE MCD opened at $310.54 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $317.90. The company has a 50-day moving average of $295.13 and a 200-day moving average of $296.01. The company has a market cap of $221.87 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.10 and a beta of 0.71.

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, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

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.