McDonald’s Co. (NYSE:MCD) Shares Acquired by Quartz Partners LLC

Quartz Partners LLC lifted its stake in McDonald’s Co. (NYSE:MCD) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,361 shares of the fast-food giant’s stock after purchasing an additional 52 shares during the quarter. Quartz Partners LLC’s holdings in McDonald’s were worth $684,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of McDonald’s by 8.2% during the third quarter. Allworth Financial LP now owns 35,395 shares of the fast-food giant’s stock worth $10,778,000 after purchasing an additional 2,674 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in McDonald’s by 16.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,411 shares of the fast-food giant’s stock worth $19,252,000 after buying an additional 9,644 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of McDonald’s by 32.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,826 shares of the fast-food giant’s stock valued at $861,000 after acquiring an additional 686 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of McDonald’s by 3.0% in the third quarter. GHP Investment Advisors Inc. now owns 2,553 shares of the fast-food giant’s stock worth $777,000 after acquiring an additional 74 shares during the period. Finally, Modera Wealth Management LLC raised its holdings in shares of McDonald’s by 27.8% during the third quarter. Modera Wealth Management LLC now owns 26,268 shares of the fast-food giant’s stock worth $7,999,000 after purchasing an additional 5,717 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.6 %

Shares of MCD opened at $304.76 on Monday. The company has a market cap of $218.40 billion, a P/E ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The firm’s 50 day moving average price is $292.61 and its 200 day moving average price is $294.10.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. Research analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Upgrades and Downgrades

Several research firms have commented on MCD. JPMorgan Chase & Co. upped their price target on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Piper Sandler dropped 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. Morgan Stanley boosted 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 dropped their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, KeyCorp boosted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling at McDonald’s

In related news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,099 shares of McDonald’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $304.60, for a total value of $334,755.40. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $475,176. This trade represents a 41.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,106 shares of company stock valued at $6,382,112. Insiders own 0.23% of the company’s stock.

McDonald’s 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.