McDonald’s Co. (NYSE:MCD) Shares Bought by NS Partners Ltd

NS Partners Ltd raised its stake in McDonald’s Co. (NYSE:MCD) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 127,486 shares of the fast-food giant’s stock after purchasing an additional 4,251 shares during the period. McDonald’s comprises 1.5% of NS Partners Ltd’s portfolio, making the stock its 20th largest holding. NS Partners Ltd’s holdings in McDonald’s were worth $36,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of McDonald’s by 8.9% during the third 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 during the last quarter. Keudell Morrison Wealth Management purchased a new stake in shares of McDonald’s during the third quarter worth approximately $209,000. Hara Capital LLC purchased a new stake in shares of McDonald’s during the third quarter worth approximately $44,000. Western Pacific Wealth Management LP raised its stake in shares of McDonald’s by 31.8% during the third quarter. Western Pacific Wealth Management LP now owns 626 shares of the fast-food giant’s stock worth $191,000 after purchasing an additional 151 shares during the last quarter. Finally, Mainstream Capital Management LLC purchased a new stake in shares of McDonald’s during the third quarter worth approximately $386,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MCD. Bank of America upped their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Truist Financial dropped their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Barclays upped their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Piper Sandler dropped their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Citigroup upped their price objective on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Up 3.6 %

MCD opened at $321.52 on Friday. The business’s fifty day simple moving average is $295.69 and its 200 day simple moving average is $296.25. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $323.17. The firm has a market cap of $229.71 billion, a P/E ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last released its 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%. As a group, equities analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.20%. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s 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 sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is owned by company insiders.

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.