Chancellor Financial Group WB LP Invests $656,000 in McDonald's Co. (NYSE:MCD)

Chancellor Financial Group WB LP bought a new position in McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,262 shares of the fast-food giant's stock, valued at approximately $656,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Norges Bank purchased a new position in shares of McDonald's during the 4th quarter valued at approximately $2,725,190,000. Raymond James Financial Inc. acquired a new stake in McDonald's during the fourth quarter valued at $703,074,000. Castlekeep Investment Advisors LLC purchased a new position in McDonald's in the fourth quarter valued at $350,935,000. Northern Trust Corp raised its position in shares of McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after acquiring an additional 895,896 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of McDonald's by 24.4% in the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after acquiring an additional 794,536 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Piper Sandler lifted their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Wedbush raised their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Robert W. Baird upped their target price on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Stock Performance

Shares of MCD stock traded up $1.82 during trading hours on Friday, reaching $313.68. The company had a trading volume of 4,056,929 shares, compared to its average volume of 3,515,946. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market capitalization of $224.29 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.10 and a beta of 0.57. The stock has a fifty day moving average of $312.40 and a 200-day moving average of $302.06.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the company posted $2.70 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. McDonald's's payout ratio is 62.49%.

McDonald's Company Profile

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.