McDonald’s Co. (NYSE:MCD) Shares Bought by Compass Ion Advisors LLC

Compass Ion Advisors LLC boosted its position in shares of McDonald’s Co. (NYSE:MCD) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,916 shares of the fast-food giant’s stock after buying an additional 220 shares during the quarter. Compass Ion Advisors LLC’s holdings in McDonald’s were worth $555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in McDonald’s by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after buying an additional 220,365 shares during the period. Wellington Management Group LLP grew 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 valued at $4,592,892,000 after buying an additional 128,800 shares during the period. Bank of New York Mellon Corp grew 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 valued at $1,682,473,000 after buying an additional 52,195 shares during the period. Charles Schwab Investment Management Inc. grew its position in McDonald’s by 2.3% during 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 buying an additional 129,843 shares during the period. Finally, Janus Henderson Group PLC grew its position in McDonald’s by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after buying an additional 19,867 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Trading Down 0.1 %

McDonald’s stock opened at $303.60 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The stock has a market cap of $216.91 billion, a P/E ratio of 26.66, a PEG ratio of 3.10 and a beta of 0.71. The company has a 50-day moving average price of $297.49 and a 200 day moving average price of $297.13.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, analysts forecast that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio is presently 62.16%.

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating 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 report on Friday, January 3rd. Morgan Stanley decreased their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Barclays increased their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Nine 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.39.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Manuel Jm Steijaert sold 10,459 shares of McDonald’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. This represents a 69.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last three months. Insiders own 0.23% of the company’s stock.

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.