Fayez Sarofim & Co Has $811.22 Million Position in McDonald's Co. (NYSE:MCD)

Fayez Sarofim & Co boosted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 10.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,782,641 shares of the fast-food giant's stock after purchasing an additional 272,240 shares during the period. McDonald's comprises approximately 2.0% of Fayez Sarofim & Co's holdings, making the stock its 14th largest position. Fayez Sarofim & Co owned approximately 0.39% of McDonald's worth $811,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Vanguard Group Inc. grew its holdings in shares of McDonald's by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after acquiring an additional 526,466 shares in the last quarter. Geode Capital Management LLC boosted its position in McDonald's by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after purchasing an additional 157,458 shares during the last quarter. Capital Research Global Investors grew its stake in McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after purchasing an additional 531,070 shares in the last quarter. Norges Bank acquired a new position in McDonald's in the 4th quarter worth about $2,725,190,000. Finally, Bank of New York Mellon Corp raised its stake in shares of McDonald's by 0.9% during 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 purchasing an additional 52,195 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MCD shares. Robert W. Baird lowered their price target on McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Truist Financial decreased their target price on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Morgan Stanley cut their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Citigroup reduced their price target on McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Nine investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $322.74.

McDonald's Stock Performance

Shares of NYSE:MCD traded down $2.35 during midday trading on Thursday, reaching $316.13. 2,478,549 shares of the company's stock were exchanged, compared to its average volume of 3,583,124. The firm has a market capitalization of $225.86 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. The company's 50 day simple moving average is $307.79 and its two-hundred day simple moving average is $299.60. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting the consensus estimate 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 anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.24%. McDonald's's payout ratio is presently 62.16%.

Insider Activity

In other McDonald's news, 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 value of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares of the company's stock, valued at approximately $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,136 shares of company stock worth $8,676,247. Corporate insiders own 0.23% of the company's stock.

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.