Banco de Sabadell S.A Has $2.37 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Banco de Sabadell S.A raised its stake in McDonald’s Co. (NYSE:MCD) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,173 shares of the fast-food giant’s stock after purchasing an additional 1,322 shares during the quarter. McDonald’s makes up about 1.9% of Banco de Sabadell S.A’s portfolio, making the stock its 21st biggest holding. Banco de Sabadell S.A’s holdings in McDonald’s were worth $2,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s during the third quarter worth $25,000. Atala Financial Inc acquired a new position in shares of McDonald’s during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the 4th quarter valued at about $27,000. Collier Financial acquired a new stake in McDonald’s in the 4th quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the third quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America upped their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Piper Sandler cut their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Barclays upped their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Truist Financial cut their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, BMO Capital Markets upped their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $323.39.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Down 0.6 %

NYSE MCD opened at $305.07 on Friday. The firm’s 50 day simple moving average is $298.75 and its 200 day simple moving average is $297.46. The firm has a market capitalization of $217.96 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting 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 forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date was Monday, March 3rd. McDonald’s’s 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.