First Horizon Advisors Inc. Purchases 3,271 Shares of McDonald’s Co. (NYSE:MCD)

First Horizon Advisors Inc. raised its position in McDonald’s Co. (NYSE:MCD) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,350 shares of the fast-food giant’s stock after purchasing an additional 3,271 shares during the period. McDonald’s makes up about 1.0% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 18th biggest holding. First Horizon Advisors Inc.’s holdings in McDonald’s were worth $37,208,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in McDonald’s by 1.4% in the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after purchasing an additional 220,365 shares in the last quarter. Wellington Management Group LLP increased its stake in McDonald’s by 0.9% in the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after purchasing an additional 128,800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares in the last quarter. Janus Henderson Group PLC increased its stake in McDonald’s by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after purchasing an additional 19,867 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in McDonald’s by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,015,441 shares of the fast-food giant’s stock valued at $613,722,000 after purchasing an additional 22,780 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at $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 22,205 shares of company stock valued at $6,703,569 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler reduced their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Loop Capital reiterated a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Citigroup upped their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Truist Financial reduced their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Wedbush upped their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.61.

McDonald’s Price Performance

Shares of MCD stock opened at $304.76 on Friday. The stock has a market cap of $218.40 billion, a P/E ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.74. The company has a fifty day moving average price of $292.61 and a two-hundred day moving average price of $293.92. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly 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 net margin of 31.73% and a negative return on equity of 181.63%. As a group, equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

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.