Brooklyn FI LLC bought a new position in McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,920 shares of the fast-food giant's stock, valued at approximately $1,163,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in McDonald's by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after buying an additional 526,466 shares in the last quarter. Geode Capital Management LLC lifted its holdings in McDonald's by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after buying an additional 157,458 shares in the last quarter. Capital Research Global Investors lifted its holdings in McDonald's by 5.2% during the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after buying an additional 531,070 shares in the last quarter. Norges Bank acquired a new position in McDonald's during the 4th quarter worth $2,725,190,000. Finally, Northern Trust Corp lifted its holdings in McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after buying an additional 895,896 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.
McDonald's Trading Up 0.6%
Shares of NYSE MCD traded up $1.82 during mid-day trading on Friday, hitting $313.68. The company had a trading volume of 4,056,929 shares, compared to its average volume of 3,526,384. The company has a market capitalization of $224.29 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The firm has a 50-day simple moving average of $312.40 and a two-hundred day simple moving average of $302.00. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.
McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. Sell-side analysts expect 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 will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.26%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. KeyCorp upped their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Piper Sandler upped their target price on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Morgan Stanley dropped 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. Wedbush upped their target price on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, Bank of America upped their target price on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $325.91.
Check Out Our Latest Stock Analysis on MCD
Insider Activity at McDonald's
In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the sale, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.
About McDonald's
(
Free Report)
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.
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