Ilmarinen Mutual Pension Insurance Co Grows Position in McDonald’s Co. (NYSE:MCD)

Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 34.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,897 shares of the fast-food giant’s stock after acquiring an additional 37,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in McDonald’s were worth $42,004,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mattern Capital Management LLC raised its position in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock valued at $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank boosted its position in shares of McDonald’s by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares during the last quarter. YANKCOM Partnership acquired a new position in McDonald’s during the fourth quarter worth approximately $1,628,000. Integral Investment Advisors Inc. increased its position in McDonald’s by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after purchasing an additional 164 shares during the last quarter. Finally, PFW Advisors LLC purchased a new position in McDonald’s during the fourth quarter worth approximately $2,471,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares of the company’s stock, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock valued at $8,461,400 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MCD shares. Barclays increased their target price on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Truist Financial cut their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. KeyCorp lifted their price target on shares of McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Finally, Citigroup cut their target price on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $323.30.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $299.68 on Friday. The firm has a market cap of $214.11 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm’s 50-day simple moving average is $304.34 and its 200-day simple moving average is $298.72.

McDonald’s (NYSE:MCD) last issued its earnings results 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%. On average, equities analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed 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 2.36%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 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.