McDonald’s Co. (NYSE:MCD) Shares Purchased by Choreo LLC

Choreo LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 22.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,244 shares of the fast-food giant’s stock after purchasing an additional 4,190 shares during the period. Choreo LLC’s holdings in McDonald’s were worth $6,892,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MCD. Vanguard Group Inc. lifted its position in McDonald’s by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after acquiring an additional 262,147 shares during the period. Northern Trust Corp grew its position in McDonald’s by 1.7% in the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after buying an additional 151,161 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in McDonald’s by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after buying an additional 237,532 shares during the period. Ameriprise Financial Inc. raised its position in McDonald’s by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock worth $1,209,171,000 after buying an additional 199,657 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of McDonald’s by 0.7% in the 4th quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock worth $1,159,877,000 after acquiring an additional 26,147 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.0 %

Shares of McDonald’s stock traded down $0.09 during trading hours on Monday, reaching $273.00. 1,083,551 shares of the company’s stock were exchanged, compared to its average volume of 3,243,721. The firm has a market capitalization of $196.84 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $302.39. The company has a fifty day moving average of $281.68 and a 200-day moving average of $281.96.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.59 EPS. On average, equities research analysts anticipate that McDonald’s Co. will post 12.34 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.45%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is 57.74%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus reduced their price target on McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Truist Financial cut their price objective on McDonald’s from $345.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Barclays decreased their target price on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Finally, StockNews.com downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average price target of $318.41.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.