Hirtle Callaghan & Co LLC Makes New $248,000 Investment in McDonald’s Co. (NYSE:MCD)

Hirtle Callaghan & Co LLC acquired a new position in McDonald’s Co. (NYSE:MCD) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 855 shares of the fast-food giant’s stock, valued at approximately $248,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. ICW Investment Advisors LLC lifted its holdings in McDonald’s by 0.9% in the 4th quarter. ICW Investment Advisors LLC now owns 10,027 shares of the fast-food giant’s stock worth $2,907,000 after buying an additional 85 shares in the last quarter. Clune & Associates LTD. acquired a new position in McDonald’s in the 4th quarter worth $981,000. Crowley Wealth Management Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $454,000. Vanguard Group Inc. raised its stake in shares of McDonald’s by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock valued at $20,341,391,000 after purchasing an additional 526,466 shares in the last quarter. Finally, Napatree Capital LLC raised its stake in shares of McDonald’s by 28.2% in the 4th quarter. Napatree Capital LLC now owns 850 shares of the fast-food giant’s stock valued at $246,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.6 %

Shares of MCD opened at $305.07 on Monday. The company’s fifty day moving average is $298.75 and its 200-day moving average is $297.53. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a market cap of $217.96 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Analyst Ratings Changes

MCD has been the topic of several research reports. Wedbush increased their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Citigroup increased their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Finally, Piper Sandler decreased their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. 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. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.39.

Insider Activity 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 shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction 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 firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,405 shares of company stock worth $9,886,656. 0.23% of the stock is owned by insiders.

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.