Prudential PLC Acquires 12,140 Shares of McDonald's Co. (NYSE:MCD)

Prudential PLC increased its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,939 shares of the fast-food giant's stock after purchasing an additional 12,140 shares during the period. Prudential PLC's holdings in McDonald's were worth $22,884,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in McDonald's during the 3rd quarter worth about $25,000. Atala Financial Inc bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald's in the fourth quarter worth approximately $27,000. Collier Financial acquired a new position in McDonald's during the fourth quarter worth $29,000. Finally, Fairway Wealth LLC increased its holdings in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. KeyCorp raised their target price on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Truist Financial lowered their price objective on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. BMO Capital Markets raised their price target 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. Finally, TD Securities reaffirmed a "hold" rating and set a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. Nine equities research 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $322.87.

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McDonald's Stock Performance

McDonald's stock traded down $3.81 during trading hours on Monday, reaching $296.30. 3,239,471 shares of the company's stock traded hands, compared to its average volume of 3,549,945. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $211.70 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 3.10 and a beta of 0.62. The firm's 50 day moving average is $304.34 and its 200-day moving average is $298.80.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) 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%. Analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.39%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Insider Activity at McDonald's

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the transaction, the executive vice president now directly owns 4,606 shares of the company's stock, valued at approximately $1,421,918.26. The trade was a 69.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock worth $8,461,400 in the last ninety days. Company insiders own 0.23% of the company's stock.

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.