Bfsg LLC Grows Stock Position in McDonald’s Co. (NYSE:MCD)

Bfsg LLC lifted its holdings in McDonald’s Co. (NYSE:MCD) by 0.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,692 shares of the fast-food giant’s stock after purchasing an additional 92 shares during the period. Bfsg LLC’s holdings in McDonald’s were worth $3,969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Century Financial Group LLC purchased a new position in McDonald’s in the 3rd quarter worth approximately $443,000. Allspring Global Investments Holdings LLC raised its position in shares of McDonald’s by 21.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 140,807 shares of the fast-food giant’s stock valued at $42,877,000 after buying an additional 24,787 shares during the last quarter. Penn Davis Mcfarland Inc. purchased a new position in shares of McDonald’s in the third quarter worth $6,472,000. Trilogy Capital Inc. lifted its holdings in shares of McDonald’s by 11.0% in the third quarter. Trilogy Capital Inc. now owns 1,804 shares of the fast-food giant’s stock worth $549,000 after buying an additional 179 shares in the last quarter. Finally, Benin Management CORP boosted its position in shares of McDonald’s by 3.3% during the third quarter. Benin Management CORP now owns 2,944 shares of the fast-food giant’s stock worth $896,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays increased their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. BMO Capital Markets increased their target price on McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. 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. Citigroup upped their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler dropped their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, McDonald’s presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’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 sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $453,882. This trade represents a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is owned by insiders.

McDonald’s Stock Performance

MCD stock opened at $308.59 on Tuesday. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market cap of $221.14 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 4.08 and a beta of 0.74. The firm has a 50-day simple moving average of $291.98 and a two-hundred day simple moving average of $292.90.

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

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio is currently 62.16%.

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.