Cordatus Wealth Management LLC Increases Stake in McDonald’s Co. (NYSE:MCD)

Cordatus Wealth Management LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,075 shares of the fast-food giant’s stock after buying an additional 503 shares during the quarter. McDonald’s comprises about 0.9% of Cordatus Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Cordatus Wealth Management LLC’s holdings in McDonald’s were worth $3,500,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Centricity Wealth Management LLC acquired a new stake in shares of McDonald’s in the fourth quarter valued at approximately $177,000. Waterfront Wealth Inc. grew its holdings in McDonald’s by 1.9% in the 4th quarter. Waterfront Wealth Inc. now owns 5,599 shares of the fast-food giant’s stock valued at $1,623,000 after buying an additional 105 shares in the last quarter. Financial Harvest LLC purchased a new stake in McDonald’s in the 4th quarter valued at $212,000. Nicholson Wealth Management Group LLC increased its stake in shares of McDonald’s by 65.1% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 6,391 shares of the fast-food giant’s stock worth $1,853,000 after acquiring an additional 2,520 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its holdings in shares of McDonald’s by 9.4% during the 4th quarter. Tandem Investment Advisors Inc. now owns 782 shares of the fast-food giant’s stock worth $227,000 after acquiring an additional 67 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MCD. Citigroup upped their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Barclays increased their price target on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Truist Financial reduced their price target 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. Loop Capital reiterated a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Morgan Stanley lifted their target price on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $323.61.

Insider Transactions at McDonald’s

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the transaction, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,106 shares of company stock valued at $6,368,814. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Up 0.3 %

McDonald’s stock opened at $302.89 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a market cap of $217.06 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. The company’s 50 day moving average is $292.45 and its two-hundred day moving average is $293.51.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities research analysts anticipate 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 $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

McDonald’s Company 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.