McDonald’s Co. (NYSE:MCD) Shares Purchased by ICW Investment Advisors LLC

ICW Investment Advisors LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,027 shares of the fast-food giant’s stock after purchasing an additional 85 shares during the period. McDonald’s accounts for approximately 1.2% of ICW Investment Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. ICW Investment Advisors LLC’s holdings in McDonald’s were worth $2,907,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MCD. Clune & Associates LTD. purchased a new stake in McDonald’s during the fourth quarter worth approximately $981,000. Crowley Wealth Management Inc. acquired a new stake in shares of McDonald’s during the fourth quarter worth $454,000. Vanguard Group Inc. grew its position in shares of McDonald’s by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after acquiring an additional 526,466 shares during the last quarter. Napatree Capital LLC grew its position in McDonald’s by 28.2% in the 4th quarter. Napatree Capital LLC now owns 850 shares of the fast-food giant’s stock valued at $246,000 after buying an additional 187 shares in the last quarter. Finally, Meridian Wealth Advisors LLC boosted its position in shares of McDonald’s by 1.1% during the 4th quarter. Meridian Wealth Advisors LLC now owns 4,502 shares of the fast-food giant’s stock valued at $1,305,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Down 0.6 %

Shares of McDonald’s stock opened at $305.07 on Monday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The firm has a market cap of $217.96 billion, a PE ratio of 26.78, a P/E/G ratio of 3.10 and a beta of 0.71. The business has a 50-day moving average price of $298.75 and a 200 day moving average price of $297.53.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) 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%. On average, sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Piper Sandler lowered their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. KeyCorp lifted their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Truist Financial lowered their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, BMO Capital Markets boosted their target price on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $323.39.

Insiders Place Their Bets

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company’s stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,405 shares of company stock worth $9,886,656. 0.23% of the stock is owned by insiders.

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.