McDonald’s Co. (NYSE:MCD) Shares Purchased by Sabal Trust CO

Sabal Trust CO grew its position in McDonald’s Co. (NYSE:MCD) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,879 shares of the fast-food giant’s stock after buying an additional 1,706 shares during the period. McDonald’s accounts for approximately 1.6% of Sabal Trust CO’s investment portfolio, making the stock its 22nd largest position. Sabal Trust CO’s holdings in McDonald’s were worth $28,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of McDonald’s by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after buying an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of McDonald’s in the 3rd quarter valued at about $121,254,000. Zurich Insurance Group Ltd FI grew its position in shares of McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after acquiring an additional 261,350 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of McDonald’s by 26,948.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock worth $66,023,000 after buying an additional 226,910 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of McDonald’s during the fourth quarter worth about $64,805,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $310.84 on Wednesday. The company has a market capitalization of $222.75 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.74. The business has a fifty day simple moving average of $293.10 and a two-hundred day simple moving average of $294.65. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MCD. Citigroup lifted their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. KeyCorp lifted their price objective 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. Truist Financial dropped their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Morgan Stanley boosted their price target on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Buying and Selling

In other McDonald’s news, EVP Manuel Jm Steijaert sold 10,459 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 4,606 shares in the company, valued at approximately $1,421,918.26. The trade was a 69.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 32,504 shares of company stock valued at $9,897,305 over the last quarter. 0.23% of the stock is owned by company insiders.

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.