MGO One Seven LLC Increases Stock Position in McDonald's Co. (NYSE:MCD)

MGO One Seven LLC lifted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,832 shares of the fast-food giant's stock after buying an additional 2,306 shares during the quarter. MGO One Seven LLC's holdings in McDonald's were worth $4,010,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MCD. Morse Asset Management Inc increased its position in McDonald's by 12.8% during the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock valued at $1,031,000 after buying an additional 385 shares in the last quarter. McIlrath & Eck LLC increased its holdings 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 valued at $468,000 after acquiring an additional 160 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of McDonald's in the 3rd quarter worth about $1,647,000. Diamant Asset Management Inc. grew its position in McDonald's by 1.9% during 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 purchasing an additional 180 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new stake in McDonald's during the 3rd quarter valued at about $394,000. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Performance

Shares of MCD stock opened at $318.58 on Thursday. The stock has a fifty day simple moving average of $307.79 and a two-hundred day simple moving average of $299.60. 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 $227.61 billion, a PE ratio of 27.97, a PEG ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting 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, sell-side analysts forecast 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. Shareholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares in the company, valued at approximately $1,421,918.26. The trade was a 69.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock worth $8,676,247 over the last 90 days. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Securities reiterated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Citigroup lowered their price objective on McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. BMO Capital Markets boosted their price target on McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Truist Financial lowered their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird reduced their price objective on McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and a consensus price target of $322.74.

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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