HighPoint Advisor Group LLC Grows Position in McDonald's Co. (NYSE:MCD)

HighPoint Advisor Group LLC boosted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,550 shares of the fast-food giant's stock after acquiring an additional 1,232 shares during the period. McDonald's accounts for approximately 0.9% of HighPoint Advisor Group LLC's holdings, making the stock its 18th biggest holding. HighPoint Advisor Group LLC's holdings in McDonald's were worth $16,859,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Meridian Investment Counsel Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at about $366,000. Franklin Resources Inc. grew its holdings in shares of McDonald's by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after acquiring an additional 794,536 shares during the period. Family Legacy Inc. raised its position in shares of McDonald's by 1.1% in the 4th quarter. Family Legacy Inc. now owns 5,301 shares of the fast-food giant's stock worth $1,521,000 after acquiring an additional 59 shares in the last quarter. Seven Mile Advisory lifted its stake in shares of McDonald's by 7.8% in the 4th quarter. Seven Mile Advisory now owns 2,296 shares of the fast-food giant's stock valued at $666,000 after purchasing an additional 167 shares during the period. Finally, Summit Financial LLC boosted its position in shares of McDonald's by 5.5% during the fourth quarter. Summit Financial LLC now owns 18,470 shares of the fast-food giant's stock valued at $5,354,000 after purchasing an additional 963 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup increased their price objective on McDonald's from $336.00 to $360.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. TD Securities reissued a "hold" rating and set a $300.00 price target on shares of McDonald's in a research report on Monday, February 10th. Barclays boosted their price objective on shares of McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Piper Sandler decreased 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 note on Tuesday, February 4th. Finally, Wedbush boosted their price target on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and an average target price of $323.61.

Insider Buying and Selling at McDonald's

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,996 shares of company stock valued at $8,897,534. Insiders own 0.23% of the company's stock.

McDonald's Stock Up 0.4 %

MCD traded up $1.20 during mid-day trading on Tuesday, reaching $313.57. 2,411,214 shares of the company traded hands, compared to its average volume of 3,503,734. The stock has a market capitalization of $224.03 billion, a P/E ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company's fifty day moving average price is $302.16 and its 200-day moving average price is $298.35.

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

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given 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 2.26%. McDonald's's dividend payout ratio (DPR) is 62.16%.

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.