Metis Global Partners LLC Raises Stock Holdings in McDonald's Co. (NYSE:MCD)

Metis Global Partners LLC raised its stake in McDonald's Co. (NYSE:MCD - Free Report) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,741 shares of the fast-food giant's stock after purchasing an additional 7,446 shares during the period. Metis Global Partners LLC's holdings in McDonald's were worth $13,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MCD. Ironwood Wealth Management LLC. grew its stake in shares of McDonald's by 2.6% during the third quarter. Ironwood Wealth Management LLC. now owns 3,912 shares of the fast-food giant's stock worth $1,031,000 after acquiring an additional 100 shares during the last quarter. Chicago Capital LLC grew its position in McDonald's by 1.4% during the 3rd quarter. Chicago Capital LLC now owns 9,822 shares of the fast-food giant's stock worth $2,588,000 after purchasing an additional 137 shares during the last quarter. Concord Wealth Partners increased its stake in McDonald's by 6.8% during the 3rd quarter. Concord Wealth Partners now owns 4,934 shares of the fast-food giant's stock valued at $1,300,000 after purchasing an additional 312 shares in the last quarter. Hixon Zuercher LLC raised its holdings in shares of McDonald's by 1.5% in the third quarter. Hixon Zuercher LLC now owns 11,091 shares of the fast-food giant's stock worth $2,922,000 after buying an additional 162 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of McDonald's by 1.4% during the third quarter. Lindbrook Capital LLC now owns 7,766 shares of the fast-food giant's stock worth $2,046,000 after buying an additional 107 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MCD. StockNews.com lowered McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Evercore ISI reaffirmed an "outperform" rating and set a $330.00 target price on shares of McDonald's in a report on Wednesday, March 27th. Wedbush reduced their price target on shares of McDonald's from $330.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, April 26th. Truist Financial dropped their price objective on shares of McDonald's from $337.00 to $320.00 and set a "buy" rating on the stock in a report on Thursday. Finally, BMO Capital Markets reduced their target price on shares of McDonald's from $335.00 to $330.00 and set an "outperform" rating for the company in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $317.74.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company's stock, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares of the company's stock, valued at $5,140,168.50. The disclosure for this sale can be found here. Company insiders own 0.23% of the company's stock.

McDonald's Price Performance

McDonald's stock traded down $2.96 during midday trading on Friday, reaching $270.32. The company had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. McDonald's Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market capitalization of $194.90 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.91 and a beta of 0.71. The firm's fifty day simple moving average is $279.53 and its 200-day simple moving average is $282.76.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald's had a net margin of 33.36% and a negative return on equity of 180.54%. The firm had revenue of $6.17 billion during the quarter, compared to analysts' expectations of $6.16 billion. During the same quarter last year, the business earned $2.63 EPS. The business's revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that McDonald's Co. will post 12.18 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald's's payout ratio is 56.71%.

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.

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