Meeder Advisory Services Inc. Has $5.22 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Meeder Advisory Services Inc. lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 3.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,022 shares of the fast-food giant’s stock after buying an additional 627 shares during the quarter. Meeder Advisory Services Inc.’s holdings in McDonald’s were worth $5,224,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MCD. Mattern Capital Management LLC raised its stake in McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank increased its holdings in shares of McDonald’s by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after purchasing an additional 371 shares during the period. YANKCOM Partnership acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $1,628,000. Integral Investment Advisors Inc. boosted its stake in shares of McDonald’s by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock valued at $1,888,000 after buying an additional 164 shares during the period. Finally, PFW Advisors LLC acquired a new stake in McDonald’s during the fourth quarter worth approximately $2,471,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MCD shares. Truist Financial dropped their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Bank of America upped their price target on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Citigroup lifted their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Transactions at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 in the company, valued at $453,882. The trade was 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 at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was 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 of the company’s stock, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,996 shares of company stock worth $8,897,534. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $313.57 on Wednesday. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a market cap of $224.03 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm’s fifty day moving average is $302.77 and its 200-day moving average is $298.47.

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

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.26%. McDonald’s’s payout ratio is 62.16%.

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.