McDonald's Co. (NYSE:MCD) Shares Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. boosted its position in McDonald's Co. (NYSE:MCD - Free Report) by 62.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,351 shares of the fast-food giant's stock after purchasing an additional 900 shares during the period. Twin Capital Management Inc.'s holdings in McDonald's were worth $682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Mattern Capital Management LLC raised its stake in shares of McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank increased its holdings in McDonald's by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after acquiring an additional 371 shares in the last quarter. YANKCOM Partnership acquired a new position in McDonald's during the fourth quarter worth about $1,628,000. Integral Investment Advisors Inc. lifted its holdings in shares of McDonald's by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after purchasing an additional 164 shares in the last quarter. Finally, PFW Advisors LLC acquired a new stake in shares of McDonald's in the fourth quarter valued at approximately $2,471,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Up 0.4 %

Shares of McDonald's stock traded up $1.33 during trading hours on Friday, hitting $308.11. The company's stock had a trading volume of 1,854,655 shares, compared to its average volume of 3,569,672. The company has a market capitalization of $220.13 billion, a PE ratio of 26.96, a P/E/G ratio of 3.10 and a beta of 0.62. The business has a fifty day moving average of $305.71 and a 200 day moving average of $298.97. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

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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 (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, sell-side analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.30%. McDonald's's dividend payout ratio is presently 62.16%.

Insider Transactions 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 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. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

MCD has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Truist Financial reduced their price objective on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Loop Capital reiterated a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Citigroup reduced their target price on shares of McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, KeyCorp lifted their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. 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's stock. According to data from MarketBeat.com, the company presently 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.