Xponance Inc. Has $31.36 Million Holdings in McDonald’s Co. (NYSE:MCD)

Xponance Inc. lessened its holdings in McDonald’s Co. (NYSE:MCD) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 108,178 shares of the fast-food giant’s stock after selling 4,618 shares during the quarter. Xponance Inc.’s holdings in McDonald’s were worth $31,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MCD. United Bank lifted its position in McDonald’s by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant’s stock worth $1,963,000 after acquiring an additional 218 shares during the last quarter. Prudent Man Advisors LLC lifted its position in McDonald’s by 18.0% during the 3rd quarter. Prudent Man Advisors LLC now owns 3,581 shares of the fast-food giant’s stock worth $1,090,000 after acquiring an additional 546 shares during the last quarter. Aljian Capital Management LLC bought a new stake in shares of McDonald’s in the third quarter valued at about $1,961,000. Quest Partners LLC lifted its stake in shares of McDonald’s by 233.8% in the third quarter. Quest Partners LLC now owns 1,552 shares of the fast-food giant’s stock valued at $473,000 after buying an additional 1,087 shares during the period. Finally, Richard C. Young & CO. LTD. lifted its stake in shares of McDonald’s by 2.9% in the third quarter. Richard C. Young & CO. LTD. now owns 43,385 shares of the fast-food giant’s stock valued at $13,211,000 after buying an additional 1,210 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research reports. Loop Capital reiterated a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Piper Sandler reduced their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. KeyCorp increased their price target on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Citigroup increased their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley dropped their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday. Ten equities research 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 has an average rating of “Moderate Buy” and an average price target of $323.39.

McDonald’s Trading Up 1.4 %

Shares of MCD stock opened at $304.01 on Tuesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm’s fifty day moving average price is $297.20 and its two-hundred day moving average price is $297.02. The firm has a market capitalization of $217.20 billion, a P/E ratio of 26.69, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last issued its quarterly 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%. As a group, equities research analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

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.