Plancorp LLC Increases Stock Holdings in McDonald’s Co. (NYSE:MCD)

Plancorp LLC lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,918 shares of the fast-food giant’s stock after acquiring an additional 503 shares during the period. Plancorp LLC’s holdings in McDonald’s were worth $2,875,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mattern Capital Management LLC raised its holdings in shares of McDonald’s by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after buying an additional 579 shares during the period. Bell Bank grew its stake in McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership acquired a new stake in McDonald’s during the 4th quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. grew its stake in McDonald’s by 2.6% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after purchasing an additional 164 shares in the last quarter. Finally, PFW Advisors LLC acquired a new stake in McDonald’s during the 4th quarter valued at approximately $2,471,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

NYSE:MCD opened at $305.07 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The stock has a market cap of $217.96 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.10 and a beta of 0.71. The business has a fifty day moving average of $298.75 and a 200-day moving average of $297.38.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 predict that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. McDonald’s’s payout ratio is 62.16%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday, March 17th. Truist Financial lowered their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Citigroup raised their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Bank of America lifted their target price on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets lifted their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.39.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction 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 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 trade represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Over 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 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.