Mariner LLC Has $214.60 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Mariner LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 8.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 740,287 shares of the fast-food giant’s stock after acquiring an additional 55,688 shares during the quarter. Mariner LLC owned approximately 0.10% of McDonald’s worth $214,597,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of McDonald’s by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the last quarter. Geode Capital Management LLC grew its position in shares of McDonald’s by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant’s stock valued at $4,652,768,000 after buying an additional 157,458 shares during the last quarter. Norges Bank acquired a new stake in shares of McDonald’s in the fourth quarter valued at about $2,725,190,000. Bank of New York Mellon Corp increased its stake in shares of McDonald’s by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock valued at $1,682,473,000 after buying an additional 52,195 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of McDonald’s by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock worth $1,650,692,000 after acquiring an additional 129,843 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’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 transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. The trade was a 15.23 % 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 worth $8,461,400 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent analyst reports. Bank of America increased their target price 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. Truist Financial decreased their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Morgan Stanley dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, March 17th. 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. Finally, Wedbush boosted their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $322.87.

McDonald’s Price Performance

NYSE:MCD opened at $309.84 on Monday. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The company has a market cap of $221.37 billion, a PE ratio of 27.20, a PEG ratio of 3.10 and a beta of 0.62. The firm has a 50-day moving average of $306.10 and a 200-day moving average of $299.00.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting 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, equities research analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

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.