McDonald's Co. (NYSE:MCD) Holdings Raised by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 811.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,215 shares of the fast-food giant's stock after buying an additional 97,228 shares during the period. Schonfeld Strategic Advisors LLC's holdings in McDonald's were worth $31,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Perbak Capital Partners LLP increased its position in shares of McDonald's by 15.0% during the fourth quarter. Perbak Capital Partners LLP now owns 7,531 shares of the fast-food giant's stock valued at $2,183,000 after acquiring an additional 983 shares during the last quarter. AdvisorShares Investments LLC lifted its position in shares of McDonald's by 414.3% during the 4th quarter. AdvisorShares Investments LLC now owns 1,872 shares of the fast-food giant's stock worth $543,000 after purchasing an additional 1,508 shares during the last quarter. Northern Trust Corp raised its stake in 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 valued at $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in McDonald's in the fourth quarter valued at $157,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in McDonald's in the fourth quarter valued at $45,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of McDonald's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. This represents a 24.51 % 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 three months. 0.25% of the stock is owned by insiders.

McDonald's Price Performance

McDonald's stock traded up $5.29 during midday trading on Wednesday, hitting $319.79. 5,558,068 shares of the company were exchanged, compared to its average volume of 3,563,937. The company's fifty day moving average price is $309.01 and its 200-day moving average price is $300.07. The company has a market cap of $228.67 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

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

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.21%. McDonald's's dividend payout ratio is presently 62.16%.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of research analyst reports. KeyCorp lifted their target price on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Citigroup lowered their price objective on McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Barclays lowered their price objective on McDonald's from $350.00 to $347.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Truist Financial decreased their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Morgan Stanley reduced their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $322.74.

McDonald's 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.