Northern Trust Corp Grows Stock Position in McDonald's Co. (NYSE:MCD)

Northern Trust Corp boosted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,867,193 shares of the fast-food giant's stock after acquiring an additional 895,896 shares during the quarter. Northern Trust Corp owned about 1.24% of McDonald's worth $2,570,511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MCD. Morse Asset Management Inc boosted its holdings in McDonald's by 12.8% in the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock worth $1,031,000 after acquiring an additional 385 shares during the period. McIlrath & Eck LLC raised its position in shares of McDonald's by 11.6% in the 3rd quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant's stock valued at $468,000 after purchasing an additional 160 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of McDonald's in the 3rd quarter valued at approximately $1,647,000. Diamant Asset Management Inc. raised its position in shares of McDonald's by 1.9% in the 3rd quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant's stock valued at $2,906,000 after purchasing an additional 180 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of McDonald's in the 3rd quarter valued at approximately $394,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of a number of recent analyst reports. Robert W. Baird cut their target price on McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Piper Sandler cut their target price on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Bank of America raised their price objective on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, KeyCorp raised their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Ten analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $322.74.

McDonald's Trading Up 0.1 %

MCD stock opened at $316.60 on Monday. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market capitalization of $226.20 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The firm's 50-day moving average is $308.18 and its two-hundred day moving average is $299.75.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, equities research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. McDonald's's payout ratio is currently 62.16%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock worth $8,676,247 in the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

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.

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