McDonald's Co. (NYSE:MCD) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC increased its stake in McDonald's Co. (NYSE:MCD - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 167,154 shares of the fast-food giant's stock after buying an additional 7,016 shares during the period. Guggenheim Capital LLC's holdings in McDonald's were worth $48,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in McDonald's during the 4th quarter valued at about $2,725,190,000. Raymond James Financial Inc. bought a new position in McDonald's in the 4th quarter valued at approximately $703,074,000. Franklin Resources Inc. boosted its position in shares of McDonald's by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after buying an additional 794,536 shares during the last quarter. APG Asset Management N.V. raised its position in McDonald's by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock worth $179,715,000 after buying an additional 602,976 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in 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 valued at $171,241,000 after acquiring an additional 589,359 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald's Stock Up 0.6 %

Shares of MCD stock traded up $1.72 on Friday, hitting $310.82. The stock had a trading volume of 2,726,918 shares, compared to its average volume of 3,584,906. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The business has a 50 day moving average price of $307.38 and a 200 day moving average price of $299.35. The company has a market cap of $222.07 billion, a PE ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. McDonald's's payout ratio is 62.16%.

Insider Activity

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock worth $8,461,400 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MCD has been the topic of several research reports. Bank of America raised their target price on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. BMO Capital Markets upped their target price on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Barclays boosted their price objective on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. TD Securities restated a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Finally, Truist Financial lowered their target price on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, McDonald's currently has a consensus rating of "Moderate Buy" and an average target price of $322.87.

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.