ICW Investment Advisors LLC Raises Stock Holdings in McDonald’s Co. (NYSE:MCD)

ICW Investment Advisors LLC raised its position in shares of McDonald’s Co. (NYSE:MCD) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,027 shares of the fast-food giant’s stock after buying an additional 85 shares during the quarter. McDonald’s comprises 1.2% of ICW Investment Advisors LLC’s portfolio, making the stock its 22nd largest position. ICW Investment Advisors LLC’s holdings in McDonald’s were worth $2,907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. Clune & Associates LTD. bought a new position in McDonald’s during the 4th quarter valued at $981,000. Crowley Wealth Management Inc. purchased a new stake in shares of McDonald’s in the fourth quarter valued at $454,000. Vanguard Group Inc. lifted its holdings in shares of McDonald’s by 0.8% in the fourth 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. Napatree Capital LLC raised its holdings in shares of McDonald’s by 28.2% during the fourth quarter. Napatree Capital LLC now owns 850 shares of the fast-food giant’s stock worth $246,000 after acquiring an additional 187 shares in the last quarter. Finally, Meridian Wealth Advisors LLC raised its holdings in shares of McDonald’s by 1.1% during the fourth quarter. Meridian Wealth Advisors LLC now owns 4,502 shares of the fast-food giant’s stock worth $1,305,000 after acquiring an additional 51 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial cut their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Citigroup lifted their price objective on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Piper Sandler decreased their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Wedbush lifted their target price on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $323.39.

Insider Buying and Selling at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,405 shares of company stock worth $9,886,656 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.6 %

Shares of MCD stock opened at $305.07 on Monday. The company has a 50 day moving average price of $298.75 and a 200-day moving average price of $297.53. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a market capitalization of $217.96 billion, a PE ratio of 26.78, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its 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 net margin of 31.73% and a negative return on equity of 181.63%. Analysts anticipate that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

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