UniSuper Management Pty Ltd Buys 10,116 Shares of McDonald’s Co. (NYSE:MCD)

UniSuper Management Pty Ltd grew its stake in McDonald’s Co. (NYSE:MCD) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 540,842 shares of the fast-food giant’s stock after purchasing an additional 10,116 shares during the quarter. McDonald’s comprises about 1.1% of UniSuper Management Pty Ltd’s holdings, making the stock its 15th biggest holding. UniSuper Management Pty Ltd’s holdings in McDonald’s were worth $156,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in McDonald’s in the third quarter worth about $25,000. Atala Financial Inc purchased a new position in shares of McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald’s in the 4th quarter worth approximately $27,000. Collier Financial bought a new position in shares of McDonald’s in the 4th quarter worth approximately $29,000. Finally, Fairway Wealth LLC lifted its stake in shares of McDonald’s by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Price Performance

NYSE MCD opened at $313.39 on Thursday. The stock has a market capitalization of $223.91 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The business’s fifty day moving average price is $300.34 and its 200-day moving average price is $297.89.

McDonald’s (NYSE:MCD) last posted its earnings results 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 negative return on equity of 181.63% and a net margin of 31.73%. Equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Activity at McDonald’s

In other news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,405 shares of company stock worth $9,886,656. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on MCD shares. Morgan Stanley decreased their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Piper Sandler reduced their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Robert W. Baird lifted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. BMO Capital Markets upped their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.39.

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.