Bank of Jackson Hole Trust Acquires New Shares in McDonald's Co. (NYSE:MCD)

Bank of Jackson Hole Trust acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,265 shares of the fast-food giant's stock, valued at approximately $946,000.

Other large investors have also made changes to their positions in the company. Clear Creek Financial Management LLC grew its stake in shares of McDonald's by 2.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant's stock worth $396,000 after acquiring an additional 35 shares during the period. GDS Wealth Management grew its position in shares of McDonald's by 1.4% during the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant's stock valued at $762,000 after purchasing an additional 35 shares in the last quarter. Boltwood Capital Management increased its holdings in shares of McDonald's by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after purchasing an additional 35 shares during the period. McAdam LLC raised its position in shares of McDonald's by 1.7% in the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant's stock worth $663,000 after buying an additional 36 shares in the last quarter. Finally, LCM Capital Management Inc boosted its stake in McDonald's by 1.3% during the third quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant's stock valued at $879,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of MCD stock traded up $1.71 during trading hours on Friday, reaching $304.76. The company had a trading volume of 3,034,763 shares, compared to its average volume of 3,198,654. 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 $218.40 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.09 and a beta of 0.74. The business has a fifty day moving average price of $292.45 and a 200-day moving average price of $293.51.

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

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald's's payout ratio is 62.16%.

Insider Activity at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,205 shares of company stock worth $6,703,569. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Robert W. Baird raised their price target on McDonald's from $305.00 to $310.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. BMO Capital Markets increased their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Piper Sandler cut their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. KeyCorp lifted their price target on McDonald's from $320.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Finally, TD Securities reaffirmed a "hold" rating and set a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $323.61.

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.