MetLife Investment Management LLC Boosts Stake in McDonald's Co. (NYSE:MCD)

MetLife Investment Management LLC raised its position in McDonald's Co. (NYSE:MCD - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,784 shares of the fast-food giant's stock after purchasing an additional 3,094 shares during the quarter. MetLife Investment Management LLC's holdings in McDonald's were worth $55,596,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc grew its position in shares of McDonald's by 12.8% during the third quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock worth $1,031,000 after buying an additional 385 shares in the last quarter. McIlrath & Eck LLC grew its stake in shares of McDonald's by 11.6% during the third quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant's stock worth $468,000 after purchasing an additional 160 shares in the last quarter. Virtu Financial LLC acquired a new stake in McDonald's in the third quarter valued at $1,647,000. Diamant Asset Management Inc. increased its holdings in shares of McDonald's by 1.9% in the 3rd quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant's stock valued at $2,906,000 after acquiring an additional 180 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new stake in shares of McDonald's during the 3rd quarter worth about $394,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Stock Up 0.6 %

McDonald's stock opened at $310.82 on Friday. The firm's 50-day simple moving average is $307.38 and its 200 day simple moving average is $299.35. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a market capitalization of $222.07 billion, a PE ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62.

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 for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, research analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

Insider Buying and Selling at McDonald's

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the company'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 transaction of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at $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. In the last ninety days, insiders have sold 27,497 shares of company stock worth $8,461,400. Corporate insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCD. Robert W. Baird cut their price target on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Piper Sandler reduced their target price on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Loop Capital reissued a "buy" rating and issued a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. BMO Capital Markets boosted their price objective on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Finally, Truist Financial cut their target price on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $322.87.

McDonald's Company 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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