Anomaly Capital Management LP Purchases 9,852 Shares of McDonald's Co. (NYSE:MCD)

Anomaly Capital Management LP grew its stake in McDonald's Co. (NYSE:MCD - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,631 shares of the fast-food giant's stock after buying an additional 9,852 shares during the period. McDonald's makes up about 2.6% of Anomaly Capital Management LP's holdings, making the stock its 17th biggest holding. Anomaly Capital Management LP's holdings in McDonald's were worth $88,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Mattern Capital Management LLC lifted its holdings in shares of McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after acquiring an additional 579 shares during the last quarter. Bell Bank raised its position in McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after purchasing an additional 371 shares during the period. YANKCOM Partnership bought a new stake in McDonald's in the fourth quarter worth $1,628,000. Integral Investment Advisors Inc. boosted its position in McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after buying an additional 164 shares during the period. Finally, PFW Advisors LLC bought a new position in shares of McDonald's during the fourth quarter valued at about $2,471,000. Institutional investors own 70.29% of the company's stock.

Insider Activity

In other news, EVP Manuel Jm Steijaert sold 10,459 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $308.71, for a total value of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares in the company, valued at $1,421,918.26. The trade was a 69.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the 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 transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, 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 sold a total of 28,136 shares of company stock worth $8,676,247 over the last 90 days. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of MCD stock traded up $0.38 on Friday, hitting $316.60. 2,282,688 shares of the stock traded hands, compared to its average volume of 3,575,999. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a 50 day simple moving average of $307.94 and a two-hundred day simple moving average of $299.70. The firm has a market cap of $226.20 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results 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%. Sell-side analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several analyst reports. KeyCorp increased their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Morgan Stanley cut their target price on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Barclays lowered their price target on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a report on Tuesday. Truist Financial cut their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and an average target price of $322.74.

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.