McDonald’s Co. (NYSE:MCD) Shares Acquired by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators increased its position in shares of McDonald’s Co. (NYSE:MCD) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,437 shares of the fast-food giant’s stock after purchasing an additional 42 shares during the period. Deseret Mutual Benefit Administrators’ holdings in McDonald’s were worth $996,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of McDonald’s during the 3rd quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s during the fourth quarter worth $27,000. Collier Financial purchased a new position in McDonald’s in the fourth quarter worth $29,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s in the third quarter worth $31,000. Finally, Hara Capital LLC acquired a new stake in McDonald’s in the third quarter valued at $44,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MCD shares. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Truist Financial lowered their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. KeyCorp lifted their price target on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. BMO Capital Markets upped their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Bank of America raised their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade 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 22,205 shares of company stock worth $6,703,569 in the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Stock Performance

MCD stock opened at $304.76 on Friday. The company has a 50 day moving average price of $292.61 and a two-hundred day moving average price of $293.76. The stock has a market capitalization of $218.40 billion, a P/E ratio of 26.76, a PEG ratio of 3.09 and a beta of 0.74. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90.

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

McDonald’s Dividend Announcement

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

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.