Sei Investments Co. Has $93.78 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Sei Investments Co. boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 15.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 332,616 shares of the fast-food giant’s stock after acquiring an additional 45,533 shares during the period. Sei Investments Co.’s holdings in McDonald’s were worth $93,782,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of McDonald’s in the 1st quarter valued at $28,000. Signature Resources Capital Management LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $31,000. Clear Investment Research LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $38,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of McDonald’s in the 4th quarter valued at $39,000. Finally, Keener Financial Planning LLC bought a new stake in McDonald’s in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCD. KeyCorp cut their price objective on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. TD Cowen reissued a “buy” rating and set a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 13th. Truist Financial cut their price target on shares of McDonald’s from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Erste Group Bank reissued a “hold” rating on shares of McDonald’s in a research report on Wednesday, April 3rd. Finally, Wedbush cut their price target on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $312.11.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Marion K. Gross sold 1,498 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,593 shares of company stock worth $1,472,518. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.9 %

Shares of NYSE:MCD traded down $2.37 on Monday, reaching $251.53. 3,391,864 shares of the company’s stock were exchanged, compared to its average volume of 3,460,195. The company has a fifty day moving average of $258.50 and a 200-day moving average of $276.20. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $302.39. The company has a market capitalization of $181.27 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.86 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.63 EPS. As a group, equities research analysts forecast that McDonald’s Co. will post 12.17 EPS for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.66%. McDonald’s’s dividend payout ratio is 56.71%.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.