Kornitzer Capital Management Inc. KS Raises Stake in McDonald’s Co. (NYSE:MCD)

Kornitzer Capital Management Inc. KS boosted its holdings in McDonald’s Co. (NYSE:MCD) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,107 shares of the fast-food giant’s stock after purchasing an additional 628 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in McDonald’s were worth $11,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clear Creek Financial Management LLC increased its position in McDonald’s by 2.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after buying an additional 35 shares in the last quarter. GDS Wealth Management increased its holdings in shares of McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after acquiring an additional 35 shares in the last quarter. Boltwood Capital Management raised its position in shares of McDonald’s by 1.9% in the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares during the last quarter. McAdam LLC boosted its stake in McDonald’s by 1.7% in the 3rd quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock worth $663,000 after purchasing an additional 36 shares in the last quarter. Finally, LCM Capital Management Inc grew its position in McDonald’s by 1.3% during the 3rd quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant’s stock valued at $879,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’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 value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on MCD. Barclays lifted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Piper Sandler lowered their price objective 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. Wedbush increased their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Loop Capital restated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. Finally, TD Securities reaffirmed a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Down 0.5 %

Shares of MCD opened at $308.59 on Tuesday. The business has a 50-day simple moving average of $291.98 and a two-hundred day simple moving average of $292.90. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock has a market cap of $221.14 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last released its earnings results 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 net margin of 31.79% and a negative return on equity of 175.42%. On average, equities analysts anticipate that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. McDonald’s’s payout ratio is 62.16%.

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.