Banque Pictet & Cie SA Acquires 4,225 Shares of McDonald’s Co. (NYSE:MCD)

Banque Pictet & Cie SA lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,629,285 shares of the fast-food giant’s stock after purchasing an additional 4,225 shares during the quarter. McDonald’s comprises approximately 3.2% of Banque Pictet & Cie SA’s portfolio, making the stock its 5th biggest position. Banque Pictet & Cie SA’s holdings in McDonald’s were worth $472,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Riversedge Advisors LLC lifted its stake in shares of McDonald’s by 2.0% in the third quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock valued at $513,000 after buying an additional 33 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in McDonald’s by 2.8% in the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock worth $396,000 after purchasing an additional 35 shares during the last quarter. GDS Wealth Management grew its position in McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after buying an additional 35 shares during the period. Boltwood Capital Management increased its stake in shares of McDonald’s by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock worth $546,000 after purchasing an additional 35 shares during the last quarter. Finally, McAdam LLC raised its stake in shares of McDonald’s by 1.7% in the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock valued at $663,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Up 0.8 %

NYSE MCD opened at $309.99 on Friday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The firm has a 50 day moving average of $291.58 and a two-hundred day moving average of $292.08. The stock has a market capitalization of $222.15 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74.

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 31.79% and a negative return on equity of 175.42%. On average, equities research analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

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

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The stock was 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. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total value of $321,457.50. Following the completion of the sale, the insider now owns 9,286 shares of the company’s stock, valued at approximately $2,716,155. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MCD. Piper Sandler reduced their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday. Loop Capital reaffirmed a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. KeyCorp boosted their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, TD Securities reiterated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a report on Monday. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

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, Russia, Spain, and the U.K.