McDonald’s Co. (NYSE:MCD) Stock Holdings Lifted by Marco Investment Management LLC

Marco Investment Management LLC raised its position in McDonald’s Co. (NYSE:MCD) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,967 shares of the fast-food giant’s stock after purchasing an additional 1,471 shares during the quarter. Marco Investment Management LLC’s holdings in McDonald’s were worth $3,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Independent Wealth Network Inc. grew its stake in McDonald’s by 4.2% in the fourth quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock valued at $256,000 after purchasing an additional 35 shares in the last quarter. Paragon Capital Management Ltd boosted its stake in shares of McDonald’s by 2.7% during the 4th quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock worth $407,000 after acquiring an additional 36 shares in the last quarter. Unique Wealth LLC boosted its stake in shares of McDonald’s by 1.2% during the 4th quarter. Unique Wealth LLC now owns 3,249 shares of the fast-food giant’s stock worth $963,000 after acquiring an additional 38 shares in the last quarter. Patron Partners LLC boosted its stake in shares of McDonald’s by 0.7% during the 4th quarter. Patron Partners LLC now owns 5,158 shares of the fast-food giant’s stock worth $1,529,000 after acquiring an additional 38 shares in the last quarter. Finally, Wagner Wealth Management LLC boosted its stake in shares of McDonald’s by 4.4% during the 4th quarter. Wagner Wealth Management LLC now owns 906 shares of the fast-food giant’s stock worth $269,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of several recent analyst reports. Truist Financial decreased their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Royal Bank of Canada decreased their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Argus restated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, StockNews.com downgraded McDonald’s from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Nine investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $318.41.

McDonald’s Price Performance

Shares of MCD traded down $2.51 during mid-day trading on Friday, reaching $273.09. The company had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The company’s 50-day moving average is $281.68 and its 200-day moving average is $281.96. The company has a market capitalization of $196.90 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.98 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. McDonald’s’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.59 EPS. As a group, equities analysts expect that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.