O Shaughnessy Asset Management LLC Buys 10,200 Shares of McDonald's Co. (NYSE:MCD)

O Shaughnessy Asset Management LLC grew its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,286 shares of the fast-food giant's stock after acquiring an additional 10,200 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in McDonald's were worth $27,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MCD. Norges Bank purchased a new position in shares of McDonald's in the 4th quarter worth about $2,725,190,000. Raymond James Financial Inc. purchased a new stake in McDonald's in the fourth quarter worth approximately $703,074,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in McDonald's by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock worth $244,174,000 after buying an additional 677,139 shares in the last quarter. Proficio Capital Partners LLC grew its position in McDonald's by 43,591.6% during the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock valued at $171,241,000 after acquiring an additional 589,359 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of McDonald's by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after acquiring an additional 526,466 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

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McDonald's Trading Up 0.4 %

MCD stock traded up $1.20 during midday trading on Tuesday, hitting $313.57. The company's stock had a trading volume of 2,411,163 shares, compared to its average volume of 3,499,388. The company has a market cap of $224.03 billion, a PE ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.71. The firm's 50-day moving average is $302.16 and its 200-day moving average is $298.35. 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 EPS 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%. Analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

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. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. McDonald's's dividend payout ratio (DPR) is 62.16%.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of McDonald's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company's stock, valued at $453,882. The trade was a 49.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,996 shares of company stock worth $8,897,534. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

MCD has been the topic of several recent research reports. Piper Sandler reduced their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Bank of America boosted their target price on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. BMO Capital Markets lifted 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. Finally, Truist Financial dropped their price objective on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $323.61.

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.