Banco de Sabadell S.A Boosts Holdings in McDonald's Co. (NYSE:MCD)

Banco de Sabadell S.A boosted its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,173 shares of the fast-food giant's stock after purchasing an additional 1,322 shares during the quarter. McDonald's comprises about 1.9% of Banco de Sabadell S.A's investment portfolio, making the stock its 21st largest position. Banco de Sabadell S.A's holdings in McDonald's were worth $2,369,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. United Bank boosted its holdings in shares of McDonald's by 3.5% in the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant's stock worth $1,963,000 after purchasing an additional 218 shares during the period. Quest Partners LLC grew its holdings in McDonald's by 233.8% during the 3rd quarter. Quest Partners LLC now owns 1,552 shares of the fast-food giant's stock valued at $473,000 after purchasing an additional 1,087 shares during the last quarter. Pacer Advisors Inc. raised its position in McDonald's by 8.4% in the 3rd quarter. Pacer Advisors Inc. now owns 72,369 shares of the fast-food giant's stock worth $22,037,000 after purchasing an additional 5,638 shares during the period. GM Advisory Group LLC lifted its stake in McDonald's by 6.0% in the third quarter. GM Advisory Group LLC now owns 2,081 shares of the fast-food giant's stock worth $634,000 after purchasing an additional 118 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in shares of McDonald's during the third quarter valued at approximately $2,277,000. Institutional investors own 70.29% of the company's stock.

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McDonald's Stock Down 0.2 %

Shares of McDonald's stock traded down $0.72 during trading on Thursday, reaching $312.87. The company's stock had a trading volume of 3,118,221 shares, compared to its average volume of 3,336,292. The company has a 50-day simple moving average of $301.00 and a two-hundred day simple moving average of $297.99. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market cap of $223.53 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. McDonald's's payout ratio is 62.16%.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the transaction, the executive vice president now directly owns 1,560 shares of the company's stock, valued at approximately $453,882. This represents a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,405 shares of company stock valued at $9,886,656. Insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MCD shares. Barclays raised their price target on McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. 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 research report on Tuesday, February 11th. TD Securities reiterated a "hold" rating and issued a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Piper Sandler decreased their target price on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Nine investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $323.61.

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.