Royal London Asset Management Ltd. Grows Holdings in McDonald's Co. (NYSE:MCD)

Royal London Asset Management Ltd. raised its position in McDonald's Co. (NYSE:MCD - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 318,805 shares of the fast-food giant's stock after purchasing an additional 1,316 shares during the period. Royal London Asset Management Ltd.'s holdings in McDonald's were worth $92,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mattern Capital Management LLC raised its stake in McDonald's by 2.0% in the fourth 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 in the last quarter. Bell Bank grew its position in shares of McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after buying an additional 371 shares during the last quarter. YANKCOM Partnership acquired a new stake in McDonald's during the 4th quarter worth $1,628,000. Charles Schwab Investment Management Inc. lifted its position in McDonald's by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant's stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the last quarter. Finally, Integral Investment Advisors Inc. lifted 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 acquiring an additional 164 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird upped their target price on McDonald's from $305.00 to $310.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upped their price target on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Piper Sandler lowered their price objective on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. TD Securities reaffirmed a "hold" rating and issued a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Finally, Loop Capital reaffirmed a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.39.

McDonald's Price Performance

MCD stock traded up $0.41 during midday trading on Monday, hitting $305.85. The stock had a trading volume of 3,443,389 shares, compared to its average volume of 3,337,257. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market cap of $218.52 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The company's 50-day moving average price is $298.75 and its 200 day moving average price is $297.53.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results 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%. As a group, sell-side analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.31%. McDonald's's dividend payout ratio is presently 62.16%.

Insider Activity

In other McDonald's 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 transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,405 shares of company stock valued at $9,886,656 in the last three months. Corporate insiders own 0.23% of the company's stock.

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.