Kentucky Retirement Systems Insurance Trust Fund Acquires 13,998 Shares of McDonald's Co. (NYSE:MCD)

Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 65.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,237 shares of the fast-food giant's stock after buying an additional 13,998 shares during the quarter. McDonald's accounts for about 0.9% of Kentucky Retirement Systems Insurance Trust Fund's holdings, making the stock its 17th biggest holding. Kentucky Retirement Systems Insurance Trust Fund's holdings in McDonald's were worth $10,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Clear Creek Financial Management LLC lifted its position in shares of McDonald's by 2.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant's stock worth $396,000 after buying an additional 35 shares during the last quarter. GDS Wealth Management raised its position in McDonald's by 1.4% in the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant's stock valued at $762,000 after purchasing an additional 35 shares during the last quarter. Boltwood Capital Management raised its position in McDonald's by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after purchasing an additional 35 shares during the last quarter. McAdam LLC raised its position in McDonald's by 1.7% in the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant's stock valued at $663,000 after purchasing an additional 36 shares during the last quarter. Finally, LCM Capital Management Inc raised its position in McDonald's by 1.3% in the third quarter. LCM Capital Management Inc now owns 2,887 shares of the fast-food giant's stock valued at $879,000 after purchasing an additional 36 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 300 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm'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 value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,205 shares of company stock valued at $6,703,569. Company insiders own 0.23% of the company's stock.

McDonald's Stock Performance

McDonald's stock traded up $1.71 during mid-day trading on Friday, reaching $304.76. The stock had a trading volume of 3,034,763 shares, compared to its average volume of 3,198,654. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90. The stock's 50-day simple moving average is $292.61 and its 200-day simple moving average is $293.76. The firm has a market capitalization 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 (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 analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, research analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays increased their target price on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Citigroup increased their target price on McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. TD Cowen reiterated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research report on Tuesday, October 29th. Truist Financial dropped their target price on 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, 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 report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $323.61.

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.