McDonald's Co. (NYSE:MCD) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 37.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,885 shares of the fast-food giant's stock after acquiring an additional 30,641 shares during the period. Sequoia Financial Advisors LLC's holdings in McDonald's were worth $32,724,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in McDonald's by 1.4% in the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant's stock worth $4,833,510,000 after purchasing an additional 220,365 shares in the last quarter. Wellington Management Group LLP lifted its holdings in McDonald's by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant's stock worth $4,592,892,000 after buying an additional 128,800 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of McDonald's by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant's stock worth $1,682,473,000 after acquiring an additional 52,195 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of McDonald's by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant's stock valued at $1,650,692,000 after acquiring an additional 129,843 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of McDonald's by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant's stock valued at $841,966,000 after acquiring an additional 19,867 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MCD has been the subject of several recent research reports. KeyCorp boosted their target price on shares of McDonald's from $320.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Bank of America boosted their price objective on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Robert W. Baird raised their target price on shares of McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Truist Financial decreased their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. increased their price target on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus target price of $323.61.

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Insider Activity

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now directly owns 8,187 shares in the company, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock worth $10,206,575. Corporate insiders own 0.23% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD opened at $306.65 on Wednesday. The stock has a market cap of $219.09 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock's 50 day moving average price is $296.57 and its 200 day moving average price is $296.68.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS 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%. On average, sell-side analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Monday, March 3rd. McDonald's's payout ratio is 62.16%.

McDonald's Profile

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.

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