McDonald’s Co. (NYSE:MCD) Shares Purchased by Barings LLC

Barings LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,645 shares of the fast-food giant’s stock after acquiring an additional 433 shares during the period. Barings LLC’s holdings in McDonald’s were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC boosted its stake in shares of McDonald’s by 1.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 16,340 shares of the fast-food giant’s stock worth $4,737,000 after acquiring an additional 296 shares during the last quarter. Naviter Wealth LLC grew its holdings in McDonald’s by 85.2% in the 4th quarter. Naviter Wealth LLC now owns 9,410 shares of the fast-food giant’s stock valued at $2,728,000 after buying an additional 4,330 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in McDonald’s in the 4th quarter valued at $337,000. Lifeworks Advisors LLC purchased a new stake in McDonald’s in the 4th quarter valued at $520,000. Finally, NS Partners Ltd grew its holdings in McDonald’s by 3.4% in the 4th quarter. NS Partners Ltd now owns 127,486 shares of the fast-food giant’s stock valued at $36,957,000 after buying an additional 4,251 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 3.6 %

MCD opened at $321.52 on Friday. The stock’s 50-day moving average price is $295.69 and its 200 day moving average price is $296.32. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $323.17. The firm has a market cap of $229.71 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. On average, research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the completion of the sale, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. This represents a 69.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MCD. Piper Sandler dropped their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. KeyCorp upped their target price on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Morgan Stanley upped their target price on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Wedbush upped their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.61.

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.