O Shaughnessy Asset Management LLC Has $27.33 Million Holdings in McDonald’s Co. (NYSE:MCD)

O Shaughnessy Asset Management LLC boosted its holdings in McDonald’s Co. (NYSE:MCD) by 12.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 94,286 shares of the fast-food giant’s stock after acquiring an additional 10,200 shares during the period. O Shaughnessy Asset Management LLC’s holdings in McDonald’s were worth $27,333,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

MCD has been the subject of a number of analyst reports. TD Securities reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Piper Sandler reduced their price target 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. BMO Capital Markets boosted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Performance

MCD stock opened at $306.95 on Friday. The company has a market capitalization of $219.31 billion, a P/E ratio of 26.95, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company has a fifty day moving average price of $301.52 and a 200-day moving average price of $298.15.

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

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Insider Activity at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction 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 completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock worth $9,886,656 over the last quarter. Company insiders own 0.23% of the company’s stock.

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.