Phoenix Financial Ltd. Increases Stake in McDonald's Co. (NYSE:MCD)

Phoenix Financial Ltd. grew its position in McDonald's Co. (NYSE:MCD - Free Report) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 496,317 shares of the fast-food giant's stock after acquiring an additional 67,259 shares during the period. McDonald's accounts for 2.0% of Phoenix Financial Ltd.'s portfolio, making the stock its 14th largest holding. Phoenix Financial Ltd. owned about 0.07% of McDonald's worth $143,878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mattern Capital Management LLC boosted its position in McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank raised its holdings in McDonald's by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after buying an additional 371 shares during the period. YANKCOM Partnership acquired a new position in shares of McDonald's during the fourth quarter worth about $1,628,000. Integral Investment Advisors Inc. grew its position in McDonald's by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after purchasing an additional 164 shares in the last quarter. Finally, PFW Advisors LLC acquired a new position in shares of McDonald's during the 4th quarter worth approximately $2,471,000. 70.29% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 300 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now owns 7,887 shares of the company's stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock valued at $8,461,400 over the last ninety days. 0.23% of the stock is currently owned by insiders.

McDonald's Trading Up 1.4 %

NYSE:MCD traded up $4.27 during trading hours on Monday, hitting $314.17. 1,202,190 shares of the company were exchanged, compared to its average volume of 3,578,115. The company has a fifty day simple moving average of $306.10 and a 200 day simple moving average of $299.00. The stock has a market capitalization of $224.46 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. Equities research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

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 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Monday, March 3rd. McDonald's's dividend payout ratio is currently 62.16%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MCD. Truist Financial cut their price objective on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. BMO Capital Markets lifted their price objective on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. TD Securities restated a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Loop Capital reiterated a "buy" rating and issued a $342.00 price target on shares of McDonald's in a research note on Friday, January 3rd. Finally, Wedbush upped their target price on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and a consensus price target 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.