McDonald’s Co. (NYSE:MCD) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,708 shares of the fast-food giant’s stock after purchasing an additional 2,130 shares during the quarter. Metis Global Partners LLC’s holdings in McDonald’s were worth $14,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. West Michigan Advisors LLC increased its holdings in shares of McDonald’s by 4.0% in the fourth quarter. West Michigan Advisors LLC now owns 3,332 shares of the fast-food giant’s stock valued at $966,000 after purchasing an additional 128 shares during the last quarter. Fisher Asset Management LLC grew its position in McDonald’s by 16.5% in the fourth quarter. Fisher Asset Management LLC now owns 297,971 shares of the fast-food giant’s stock worth $86,379,000 after acquiring an additional 42,223 shares during the period. Wiser Advisor Group LLC grew its position in McDonald’s by 2.2% in the fourth quarter. Wiser Advisor Group LLC now owns 4,374 shares of the fast-food giant’s stock worth $1,268,000 after acquiring an additional 95 shares during the period. SVB Wealth LLC purchased a new position in McDonald’s in the fourth quarter worth approximately $12,254,000. Finally, Flputnam Investment Management Co. grew its position in McDonald’s by 6.5% in the fourth quarter. Flputnam Investment Management Co. now owns 39,286 shares of the fast-food giant’s stock worth $11,389,000 after acquiring an additional 2,402 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock worth $10,206,575 in the last quarter. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MCD shares. BMO Capital Markets raised their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research 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. Barclays raised their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Finally, Piper Sandler cut their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Down 0.6 %

Shares of MCD stock opened at $308.17 on Friday. The stock has a market capitalization of $220.84 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock’s 50-day moving average price is $294.06 and its 200 day moving average price is $295.09.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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%. Analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 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.