Mondrian Investment Partners LTD Decreases Position in McDonald’s Co. (NYSE:MCD)

Mondrian Investment Partners LTD decreased its stake in McDonald’s Co. (NYSE:MCD) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,445 shares of the fast-food giant’s stock after selling 11,030 shares during the period. McDonald’s makes up 2.0% of Mondrian Investment Partners LTD’s portfolio, making the stock its 26th biggest position. Mondrian Investment Partners LTD’s holdings in McDonald’s were worth $117,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Madison Investment Advisors LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth about $10,210,000. Impact Capital Partners LLC purchased a new stake in shares of McDonald’s in the fourth quarter worth about $2,703,000. Commonwealth Equity Services LLC boosted its position in shares of McDonald’s by 1.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 577,815 shares of the fast-food giant’s stock worth $167,503,000 after buying an additional 5,642 shares during the period. VanWeelden Wealth Management LLC purchased a new position in McDonald’s in the fourth quarter valued at about $271,000. Finally, DecisionMap Wealth Management LLC purchased a new position in McDonald’s in the fourth quarter valued at about $221,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

MCD opened at $297.45 on Friday. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a market cap of $212.52 billion, a P/E ratio of 26.11, a P/E/G ratio of 3.10 and a beta of 0.71. The stock’s 50 day moving average price is $296.86 and its 200 day moving average price is $296.71.

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

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.38%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MCD shares. Morgan Stanley increased their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Truist Financial reduced their price target on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. increased their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Piper Sandler reduced their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, BMO Capital Markets increased their target price on McDonald’s from $335.00 to $340.00 and gave the stock 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock worth $10,206,575 in the last three months. 0.23% of the stock is owned by company insiders.

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.