McDonald’s Co. (NYSE:MCD) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in McDonald’s Co. (NYSE:MCD) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 5,694,202 shares of the fast-food giant’s stock after purchasing an additional 129,843 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in McDonald’s were worth $1,650,692,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the third quarter worth about $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s in the fourth quarter valued at approximately $27,000. Collier Financial acquired a new position in McDonald’s in the fourth quarter valued at approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in McDonald’s in the third quarter valued at approximately $31,000. Finally, Marshall Investment Management LLC acquired a new position in McDonald’s in the fourth quarter valued at approximately $37,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Robert W. Baird lifted their target price on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Wedbush lifted their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Barclays lifted their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Finally, Piper Sandler cut their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’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 transaction, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

NYSE MCD opened at $303.70 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market cap of $216.98 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 3.10 and a beta of 0.74. The firm’s 50 day moving average price is $294.31 and its two-hundred day moving average price is $295.64.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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, research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend 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.