Rockefeller Capital Management L.P. Has $159.76 Million Stake in McDonald's Co. (NYSE:MCD)

Rockefeller Capital Management L.P. boosted its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 551,151 shares of the fast-food giant's stock after purchasing an additional 12,956 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.08% of McDonald's worth $159,761,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Morse Asset Management Inc lifted its stake in McDonald's by 12.8% during the third quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock worth $1,031,000 after purchasing an additional 385 shares during the last quarter. McIlrath & Eck LLC boosted its holdings in shares of McDonald's by 11.6% in the 3rd quarter. McIlrath & Eck LLC now owns 1,537 shares of the fast-food giant's stock valued at $468,000 after buying an additional 160 shares during the period. Virtu Financial LLC acquired a new stake in McDonald's during the third quarter worth about $1,647,000. Diamant Asset Management Inc. lifted its holdings in McDonald's by 1.9% in the third quarter. Diamant Asset Management Inc. now owns 9,544 shares of the fast-food giant's stock worth $2,906,000 after acquiring an additional 180 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new position in McDonald's in the third quarter valued at approximately $394,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Trading Up 2.0 %

NYSE:MCD traded up $6.22 during trading hours on Monday, hitting $316.12. 4,068,086 shares of the stock traded hands, compared to its average volume of 3,589,175. The firm has a 50 day moving average price of $306.10 and a 200 day moving average price of $299.00. The firm has a market cap of $225.86 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 3.10 and a beta of 0.62. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

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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, 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%. Research analysts predict that McDonald's Co. will post 12.25 EPS 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. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Erste Group Bank raised McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Piper Sandler reduced their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Barclays boosted their target price on shares of McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Robert W. Baird dropped their price target on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Citigroup reduced their price objective on McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Nine 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $322.87.

Insiders Place Their Bets

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction dated 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 in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $308.71, for a total value of $3,228,797.89. Following the sale, the executive vice president now directly owns 4,606 shares of the company's stock, valued at $1,421,918.26. This trade represents a 69.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock worth $8,461,400 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

About McDonald's

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.