Johnson Financial Group Inc. Acquires 1,072 Shares of McDonald's Co. (NYSE:MCD)

Johnson Financial Group Inc. lifted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,041 shares of the fast-food giant's stock after purchasing an additional 1,072 shares during the quarter. Johnson Financial Group Inc.'s holdings in McDonald's were worth $5,786,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MCD. Susquehanna Fundamental Investments LLC acquired a new position in McDonald's during the fourth quarter worth $26,852,000. Coldstream Capital Management Inc. increased its holdings in McDonald's by 3.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 31,269 shares of the fast-food giant's stock worth $9,064,000 after buying an additional 974 shares during the last quarter. Capital Analysts LLC increased its holdings in McDonald's by 2.0% during the fourth quarter. Capital Analysts LLC now owns 24,228 shares of the fast-food giant's stock worth $7,023,000 after buying an additional 474 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC increased its holdings in McDonald's by 17.9% during the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 1,836 shares of the fast-food giant's stock worth $532,000 after buying an additional 279 shares during the last quarter. Finally, Pingora Partners LLC increased its holdings in McDonald's by 6.4% during the fourth quarter. Pingora Partners LLC now owns 3,342 shares of the fast-food giant's stock worth $969,000 after buying an additional 200 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

MCD traded up $0.07 during trading on Monday, hitting $316.81. 2,574,947 shares of the stock traded hands, compared to its average volume of 3,569,351. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company has a market cap of $226.35 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 3.10 and a beta of 0.62. The business has a 50 day moving average price of $308.18 and a 200 day moving average price of $299.75.

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

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 2.23%. McDonald's's dividend payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the business's 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 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 transaction 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 business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. The trade was a 24.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock worth $8,676,247 over the last three months. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MCD shares. JPMorgan Chase & Co. increased their price objective on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Loop Capital reissued a "buy" rating and issued a $342.00 price target on shares of McDonald's in a report on Friday, January 3rd. Robert W. Baird cut their price objective on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Barclays cut their price objective on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Piper Sandler cut their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Ten 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $322.74.

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.