Meeder Advisory Services Inc. Has $5.22 Million Stake in McDonald’s Co. (NYSE:MCD)

Meeder Advisory Services Inc. raised its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,022 shares of the fast-food giant’s stock after buying an additional 627 shares during the quarter. Meeder Advisory Services Inc.’s holdings in McDonald’s were worth $5,224,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated 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 in the company, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,996 shares of company stock valued at $8,897,534 over the last 90 days. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MCD shares. Citigroup boosted their target price on McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler decreased their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Morgan Stanley lowered their target price 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. TD Securities reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Finally, Barclays increased their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Stock Up 0.4 %

Shares of McDonald’s stock opened at $313.57 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The business’s 50 day moving average is $302.77 and its 200-day moving average is $298.47. The stock has a market cap of $224.03 billion, a P/E ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted 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 net margin of 31.73% and a negative return on equity of 181.63%. On average, sell-side analysts expect that McDonald’s Co. will post 12.25 EPS 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 issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is currently 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.