1,565 Shares in McDonald's Co. (NYSE:MCD) Acquired by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. acquired a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,565 shares of the fast-food giant's stock, valued at approximately $454,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of McDonald's in the 4th quarter worth $703,074,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in 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 period. Proficio Capital Partners LLC grew its position in shares of McDonald's by 43,591.6% during the 4th 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 during the period. Vanguard Group Inc. grew its position in shares of McDonald's by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after buying an additional 526,466 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of McDonald's by 518.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant's stock valued at $100,916,000 after acquiring an additional 291,802 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

NYSE:MCD traded down $0.72 during mid-day trading on Thursday, hitting $312.87. The stock had a trading volume of 3,118,221 shares, compared to its average volume of 3,336,292. The company's 50 day simple moving average is $301.00 and its 200 day simple moving average is $297.99. The stock has a market cap of $223.53 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 3.10 and a beta of 0.71. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

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

McDonald's Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on MCD shares. Loop Capital restated a "buy" rating and set a $342.00 price objective on shares of McDonald's in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price target on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Bank of America raised their price objective on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Robert W. Baird boosted their target price on McDonald's from $305.00 to $310.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Finally, Truist Financial cut their price objective on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $323.61.

Insider Transactions at McDonald's

In other news, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company's stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,405 shares of company stock worth $9,886,656. 0.23% of the stock is owned by insiders.

About McDonald's

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.