McDonald’s Co. (NYSE:MCD) Position Increased by Manchester Capital Management LLC

Manchester Capital Management LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,468 shares of the fast-food giant’s stock after acquiring an additional 58 shares during the period. Manchester Capital Management LLC’s holdings in McDonald’s were worth $2,745,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. CapWealth Advisors LLC raised its stake in McDonald’s by 6.3% during the 4th quarter. CapWealth Advisors LLC now owns 3,251 shares of the fast-food giant’s stock valued at $942,000 after acquiring an additional 193 shares in the last quarter. BXM Wealth LLC acquired a new position in shares of McDonald’s during the 4th quarter valued at $352,000. PUREfi Wealth LLC acquired a new position in shares of McDonald’s during the 4th quarter valued at $389,000. Quadrant Private Wealth Management LLC increased its position in shares of McDonald’s by 11.2% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 1,808 shares of the fast-food giant’s stock valued at $524,000 after purchasing an additional 182 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its position in shares of McDonald’s by 15.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant’s stock valued at $60,722,000 after purchasing an additional 27,774 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was 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 owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,906 shares of company stock valued at $5,406,382 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

MCD opened at $308.59 on Friday. The company has a market cap of $221.14 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. The stock has a 50-day moving average of $291.78 and a 200-day moving average of $292.20. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, research analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MCD. Piper Sandler lowered their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. TD Securities restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Monday, February 10th. Citigroup lifted their target price on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.61.

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.