Marco Investment Management LLC Raises Holdings in McDonald’s Co. (NYSE:MCD)

Marco Investment Management LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.7% in the fourth quarter, HoldingsChannel reports. The firm owned 14,617 shares of the fast-food giant’s stock after acquiring an additional 240 shares during the period. Marco Investment Management LLC’s holdings in McDonald’s were worth $4,237,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MCD. Van ECK Associates Corp increased its stake in shares of McDonald’s by 8.9% during the 3rd quarter. Van ECK Associates Corp now owns 17,809 shares of the fast-food giant’s stock worth $5,317,000 after purchasing an additional 1,451 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in McDonald’s in the 3rd quarter worth approximately $102,000. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in McDonald’s in the 3rd quarter worth approximately $835,000. Graypoint LLC grew its stake in McDonald’s by 5.7% in the 3rd quarter. Graypoint LLC now owns 8,350 shares of the fast-food giant’s stock worth $2,543,000 after acquiring an additional 451 shares during the period. Finally, Walkner Condon Financial Advisors LLC grew its stake in McDonald’s by 47.2% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,928 shares of the fast-food giant’s stock worth $587,000 after acquiring an additional 618 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 1.0 %

Shares of McDonald’s stock opened at $310.54 on Friday. The company has a fifty day moving average price of $295.13 and a 200 day moving average price of $296.01. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90. The stock has a market cap of $221.87 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

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

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. McDonald’s’s payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. This represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock valued at $10,206,575 in the last ninety days. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. KeyCorp lifted their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley lifted their target price on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Barclays lifted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Piper Sandler lowered 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. Finally, TD Securities reissued a “hold” rating and set a $300.00 price objective on shares of McDonald’s in a research note on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.61.

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.