McDonald's Co. (NYSE:MCD) Shares Purchased by Callahan Advisors LLC

Callahan Advisors LLC increased its stake in McDonald's Co. (NYSE:MCD - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,810 shares of the fast-food giant's stock after purchasing an additional 4,538 shares during the quarter. McDonald's accounts for 1.6% of Callahan Advisors LLC's portfolio, making the stock its 17th largest position. Callahan Advisors LLC's holdings in McDonald's were worth $17,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Kennebec Savings Bank purchased a new position in shares of McDonald's during the 3rd quarter worth $1,394,000. YANKCOM Partnership purchased a new position in shares of McDonald's in the 4th quarter worth $1,628,000. Charles Schwab Investment Management Inc. grew its stake in shares of McDonald's by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock worth $1,694,403,000 after buying an additional 49,106 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of McDonald's by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock worth $14,978,000 after purchasing an additional 2,997 shares during the period. Finally, PFW Advisors LLC purchased a new position in shares of McDonald's during the 4th quarter worth about $2,471,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 0.6 %

Shares of MCD stock traded up $1.71 during trading hours on Friday, hitting $304.76. The company's stock had a trading volume of 3,034,763 shares, compared to its average volume of 3,198,654. The company has a 50 day moving average of $292.61 and a 200 day moving average of $293.76. The stock 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. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly 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, analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued 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 dividend payout ratio (DPR) is presently 62.16%.

Analyst Ratings Changes

A number of equities analysts recently commented on MCD shares. KeyCorp lifted their price target on shares of McDonald's from $320.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Wedbush lifted their price target on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Loop Capital reaffirmed a "buy" rating and set a $342.00 price target on shares of McDonald's in a research note on Friday, January 3rd. Truist Financial lowered their price objective 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. Finally, TD Securities reissued a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.61.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on 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 sale, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,099 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $304.60, for a total transaction of $334,755.40. Following the transaction, the executive vice president now owns 1,560 shares of the company's stock, valued at $475,176. This represents a 41.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,205 shares of company stock valued at $6,703,569. Corporate insiders own 0.23% of the company's stock.

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.