Jacobs & Co. CA Acquires 3,007 Shares of McDonald’s Co. (NYSE:MCD)

Jacobs & Co. CA grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 37,128 shares of the fast-food giant’s stock after purchasing an additional 3,007 shares during the period. Jacobs & Co. CA’s holdings in McDonald’s were worth $11,008,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MCD. Vanguard Group Inc. lifted its position in McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after purchasing an additional 262,147 shares during the last quarter. State Street Corp lifted its position in McDonald’s by 1.4% in the second quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock valued at $10,169,018,000 after purchasing an additional 485,066 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares during the last quarter. Northern Trust Corp lifted its position in McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after purchasing an additional 151,161 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $2,341,360,000. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

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 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 directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MCD. Robert W. Baird reissued an “outperform” rating and set a $315.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. BMO Capital Markets boosted their target price on McDonald’s from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, December 7th. Piper Sandler boosted their target price on McDonald’s from $273.00 to $299.00 and gave the company a “neutral” rating in a research note on Monday, December 11th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, Citigroup reduced their target price on McDonald’s from $327.00 to $310.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $320.60.

McDonald’s Stock Up 1.2 %

Shares of MCD opened at $282.02 on Thursday. The stock has a market cap of $203.63 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 3.01 and a beta of 0.72. McDonald’s Co. has a 52 week low of $245.73 and a 52 week high of $302.39. The business has a 50-day simple moving average of $290.82 and a two-hundred day simple moving average of $280.92.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the company earned $2.59 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

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.