Ossiam Acquires 3,752 Shares of McDonald's Co. (NYSE:MCD)

Ossiam boosted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,853 shares of the fast-food giant's stock after buying an additional 3,752 shares during the quarter. Ossiam's holdings in McDonald's were worth $4,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Atala Financial Inc bought a new stake in shares of McDonald's during the 4th quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald's in the fourth quarter worth approximately $27,000. Collier Financial bought a new stake in McDonald's during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC increased its holdings in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in McDonald's in the fourth quarter worth approximately $30,000. Institutional investors own 70.29% of the company's stock.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This trade represents a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,136 shares of company stock valued at $8,676,247. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of recent research reports. Truist Financial cut their price objective 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. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Piper Sandler lowered their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Morgan Stanley reduced their target price on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Finally, Barclays lowered their price target on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating on the stock in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average target price of $322.74.

McDonald's Trading Down 1.0 %

MCD traded down $3.25 during trading hours on Thursday, hitting $315.24. The company's stock had a trading volume of 946,209 shares, compared to its average volume of 3,577,156. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The business's 50-day moving average price is $307.79 and its 200-day moving average price is $299.60. The stock has a market cap of $225.22 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last announced 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 net margin of 31.73% and a negative return on equity of 181.63%. On average, analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is 62.16%.

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.