McDonald’s Co. (NYSE:MCD) Shares Acquired by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,689 shares of the fast-food giant’s stock after purchasing an additional 423 shares during the period. McDonald’s makes up 1.6% of Biondo Investment Advisors LLC’s holdings, making the stock its 21st biggest holding. Biondo Investment Advisors LLC’s holdings in McDonald’s were worth $11,795,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MCD. Norges Bank acquired a new stake in shares of McDonald’s in the fourth quarter valued at $2,725,190,000. Raymond James Financial Inc. purchased a new stake in McDonald’s during the 4th quarter worth about $703,074,000. Caisse DE Depot ET Placement DU Quebec raised its position 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 purchasing an additional 677,139 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of McDonald’s by 43,591.6% in the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after buying an additional 589,359 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of McDonald’s by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after buying an additional 526,466 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MCD has been the topic of several analyst reports. Piper Sandler reduced their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Barclays lifted their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Robert W. Baird increased their target price on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Truist Financial decreased 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. Finally, TD Securities reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Monday, February 10th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $323.61.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock worth $9,886,656 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Down 1.8 %

MCD opened at $306.95 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The business has a 50 day moving average price of $301.52 and a two-hundred day moving average price of $298.10. The company has a market cap of $219.31 billion, a PE ratio of 26.95, a P/E/G ratio of 3.10 and a beta of 0.71.

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

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

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.