Brooklyn FI LLC Takes $1.16 Million Position in McDonald's Co. (NYSE:MCD)

Brooklyn FI LLC bought a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,920 shares of the fast-food giant's stock, valued at approximately $1,163,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Raymond James Financial Inc. acquired a new position in McDonald's in the 4th quarter valued at $703,074,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of McDonald's by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock valued at $244,174,000 after buying an additional 677,139 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of McDonald's by 43,591.6% in the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock worth $171,241,000 after buying an additional 589,359 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in McDonald's by 518.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant's stock worth $100,916,000 after acquiring an additional 291,802 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI grew its stake in McDonald's by 3,580.1% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant's stock valued at $81,807,000 after acquiring an additional 261,350 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MCD shares. TD Securities restated a "hold" rating and set a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. JPMorgan Chase & Co. boosted their price objective on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Piper Sandler cut their target price on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. BMO Capital Markets boosted their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, Loop Capital restated a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Nine research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $323.39.

McDonald's Stock Performance

Shares of MCD traded up $0.41 during mid-day trading on Monday, hitting $305.85. 3,443,389 shares of the company's stock were exchanged, compared to its average volume of 3,337,257. The stock's 50-day moving average is $298.75 and its 200-day moving average is $297.53. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a market cap of $218.52 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 3.10 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results 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%. As a group, equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 annualized dividend and a yield of 2.31%. McDonald's's payout ratio is 62.16%.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock worth $9,886,656 in the last quarter. 0.23% of the stock is owned by company insiders.

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.