ING Groep NV Purchases 50,677 Shares of McDonald's Co. (NYSE:MCD)

ING Groep NV boosted its position in McDonald's Co. (NYSE:MCD - Free Report) by 31.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 210,786 shares of the fast-food giant's stock after purchasing an additional 50,677 shares during the period. ING Groep NV's holdings in McDonald's were worth $61,105,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kennebec Savings Bank bought a new stake in shares of McDonald's in the third quarter valued at about $1,394,000. YANKCOM Partnership acquired a new stake in McDonald's in the 4th quarter worth about $1,628,000. Charles Schwab Investment Management Inc. boosted its holdings in McDonald's by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in shares of McDonald's by 6.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,186 shares of the fast-food giant's stock worth $14,978,000 after purchasing an additional 2,997 shares in the last quarter. Finally, PFW Advisors LLC bought a new position in shares of McDonald's during the fourth quarter worth approximately $2,471,000. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BMO Capital Markets increased their price target on McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Barclays increased their target price on McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Robert W. Baird raised their price target on McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. 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. Finally, Wedbush increased their price objective on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $323.61.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company's stock, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,099 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $304.60, for a total value of $334,755.40. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $475,176. The trade was a 41.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,205 shares of company stock worth $6,703,569. 0.23% of the stock is currently owned by insiders.

McDonald's Trading Up 0.6 %

MCD traded up $1.71 during trading on Friday, reaching $304.76. 3,034,763 shares of the company's stock were exchanged, compared to its average volume of 3,198,654. The firm has a fifty day moving average price of $292.45 and a two-hundred day moving average price of $293.51. The stock 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 Co. has a one year low of $243.53 and a one year high of $317.90.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results 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%. Sell-side analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

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

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.