Glassy Mountain Advisors Inc. Buys Shares of 316 McDonald’s Co. (NYSE:MCD)

Glassy Mountain Advisors Inc. bought a new stake in McDonald’s Co. (NYSE:MCD – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 316 shares of the fast-food giant’s stock, valued at approximately $83,000.

Several other large investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in shares of McDonald’s by 1,189.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock worth $541,962,000 after acquiring an additional 2,021,754 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of McDonald’s by 77.8% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,849,583 shares of the fast-food giant’s stock worth $950,418,000 after acquiring an additional 1,684,960 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of McDonald’s by 16.3% during the third quarter. Price T Rowe Associates Inc. MD now owns 7,869,149 shares of the fast-food giant’s stock worth $1,816,219,000 after acquiring an additional 1,105,231 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of McDonald’s by 44.2% during the first quarter. Renaissance Technologies LLC now owns 2,531,400 shares of the fast-food giant’s stock worth $625,965,000 after acquiring an additional 776,419 shares in the last quarter. Finally, Barclays PLC increased its position in shares of McDonald’s by 48.4% during the third quarter. Barclays PLC now owns 1,879,173 shares of the fast-food giant’s stock worth $433,603,000 after acquiring an additional 612,854 shares in the last quarter. Institutional investors own 66.86% of the company’s stock.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 3,850 shares of the stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $267.69, for a total value of $1,030,606.50. Following the transaction, the chief executive officer now directly owns 34,637 shares of the company’s stock, valued at $9,271,978.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Christopher J. Kempczinski sold 3,850 shares of the stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $267.69, for a total value of $1,030,606.50. Following the transaction, the chief executive officer now directly owns 34,637 shares of the company’s stock, valued at $9,271,978.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,396 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $265.44, for a total transaction of $370,554.24. Following the transaction, the executive vice president now directly owns 308 shares in the company, valued at $81,755.52. The disclosure for this sale can be found here. Insiders have sold 8,122 shares of company stock valued at $2,177,681 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MCD has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of McDonald’s in a research report on Monday, January 23rd. They set an “equal weight” rating and a $280.00 price objective for the company. Truist Financial lowered their price objective on shares of McDonald’s from $300.00 to $292.00 and set a “buy” rating for the company in a research report on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of McDonald’s from $263.00 to $277.00 in a report on Wednesday, February 1st. Morgan Stanley increased their target price on shares of McDonald’s from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, January 18th. Finally, Tigress Financial increased their target price on shares of McDonald’s from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $288.80.

McDonald’s Price Performance

Shares of MCD stock opened at $267.20 on Friday. The stock has a market cap of $195.46 billion, a P/E ratio of 32.00, a P/E/G ratio of 3.19 and a beta of 0.62. The company has a fifty day moving average price of $267.15 and a two-hundred day moving average price of $262.91. McDonald’s Co. has a one year low of $228.34 and a one year high of $281.67.

McDonald’s (NYSE:MCD – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The fast-food giant reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald’s had a net margin of 26.65% and a negative return on equity of 120.10%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.23 earnings per share. As a group, equities research analysts anticipate that McDonald’s Co. will post 10.51 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were given a $1.52 dividend. This represents a $6.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, February 28th. McDonald’s’s payout ratio is presently 72.81%.

About McDonald’s

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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, Russia, Spain, and the U.K.