CORDA Investment Management LLC. Has $26.51 Million Stake in McDonald’s Co. (NYSE:MCD)

CORDA Investment Management LLC. decreased its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 91,439 shares of the fast-food giant’s stock after selling 1,546 shares during the quarter. McDonald’s accounts for about 2.1% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 25th biggest position. CORDA Investment Management LLC.’s holdings in McDonald’s were worth $26,507,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MCD. Caisse DE Depot ET Placement DU Quebec raised its holdings in McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after acquiring an additional 677,139 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of McDonald’s by 43,591.6% during the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after purchasing an additional 589,359 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of McDonald’s during the third quarter valued at approximately $121,254,000. Zurich Insurance Group Ltd FI raised its stake in shares of McDonald’s by 3,580.1% in the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after purchasing an additional 261,350 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its position in McDonald’s by 26,948.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock worth $66,023,000 after purchasing an additional 226,910 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $309.88 on Friday. The stock has a market capitalization of $222.07 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The company’s 50 day simple moving average is $293.75 and its 200-day simple moving average is $294.82. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.28%. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Ratings Changes

MCD has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Truist Financial dropped their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Wedbush raised their price target on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Finally, Piper Sandler cut their target price 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. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $308.71, for a total value of $3,228,797.89. Following the completion of the transaction, the executive vice president now owns 4,606 shares in the company, valued at $1,421,918.26. This represents a 69.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,504 shares of company stock worth $9,897,305. Company insiders own 0.23% of the company’s stock.

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.