ST. Nicholas Private Asset Management Inc. Takes $4.87 Million Position in McDonald’s Co. (NYSE:MCD)

ST. Nicholas Private Asset Management Inc. bought a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,792 shares of the fast-food giant’s stock, valued at approximately $4,868,000. McDonald’s comprises approximately 4.3% of ST. Nicholas Private Asset Management Inc.’s investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors also recently made changes to their positions in the stock. Fisher Funds Management LTD bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $1,882,000. First Horizon Advisors Inc. grew its holdings in shares of McDonald’s by 2.6% during the fourth quarter. First Horizon Advisors Inc. now owns 128,350 shares of the fast-food giant’s stock valued at $37,208,000 after purchasing an additional 3,271 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in shares of McDonald’s by 2.5% during the fourth quarter. Pinnacle Financial Partners Inc now owns 33,082 shares of the fast-food giant’s stock valued at $9,629,000 after purchasing an additional 803 shares during the last quarter. Callan Capital LLC boosted its position in shares of McDonald’s by 8.1% during the fourth quarter. Callan Capital LLC now owns 2,274 shares of the fast-food giant’s stock worth $659,000 after buying an additional 170 shares during the period. Finally, Redmond Asset Management LLC boosted its position in shares of McDonald’s by 428.2% during the fourth quarter. Redmond Asset Management LLC now owns 5,900 shares of the fast-food giant’s stock worth $1,710,000 after buying an additional 4,783 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. The trade was a 10.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction 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 in the company, 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. Insiders have sold a total of 22,205 shares of company stock valued at $6,703,569 in the last three months. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

NYSE MCD opened at $304.76 on Friday. The stock has a market capitalization of $218.40 billion, a P/E ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The business’s fifty day moving average is $292.61 and its two-hundred day moving average is $293.92.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. Barclays boosted their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Piper Sandler reduced their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. BMO Capital Markets boosted their price objective on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Truist Financial cut their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given 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 $323.61.

About McDonald’s

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.