Sei Investments Co. Has $45.86 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Sei Investments Co. boosted its position in McDonald’s Co. (NYSE:MCD) by 7.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 158,164 shares of the fast-food giant’s stock after purchasing an additional 11,416 shares during the period. Sei Investments Co.’s holdings in McDonald’s were worth $45,855,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of McDonald’s by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock worth $4,833,510,000 after acquiring an additional 220,365 shares during the period. Wellington Management Group LLP boosted its position in McDonald’s by 0.9% during the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock worth $4,592,892,000 after purchasing an additional 128,800 shares during the period. Bank of New York Mellon Corp boosted its position in McDonald’s by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock worth $1,682,473,000 after purchasing an additional 52,195 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of McDonald’s by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock valued at $1,650,692,000 after purchasing an additional 129,843 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of McDonald’s by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock worth $841,966,000 after buying an additional 19,867 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of McDonald’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 transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the 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 completion of the sale, the executive vice president now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 32,405 shares of company stock valued at $9,886,656 in the last ninety days. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Loop Capital reissued a “buy” rating and issued a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Piper Sandler lowered their target price on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. TD Securities restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Barclays increased their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, KeyCorp upped their price target on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.39.

McDonald’s Trading Up 0.1 %

MCD opened at $305.85 on Tuesday. The company has a market cap of $218.52 billion, a P/E ratio of 26.85, a PEG ratio of 3.10 and a beta of 0.71. The company’s 50 day moving average is $299.21 and its 200-day moving average is $297.65. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

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

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 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.