Stokes Family Office LLC Boosts Stock Holdings in McDonald's Co. (NYSE:MCD)

Stokes Family Office LLC raised its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 41.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,396 shares of the fast-food giant's stock after purchasing an additional 2,465 shares during the period. Stokes Family Office LLC's holdings in McDonald's were worth $2,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in McDonald's in the fourth quarter valued at $703,074,000. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of McDonald's by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock worth $244,174,000 after purchasing an additional 677,139 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of McDonald's by 43,591.6% during the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock valued at $171,241,000 after purchasing an additional 589,359 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in McDonald's in the third quarter worth about $121,254,000. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in McDonald's by 518.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant's stock worth $100,916,000 after buying an additional 291,802 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

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McDonald's Stock Down 0.6 %

NYSE:MCD traded down $1.94 on Friday, hitting $305.07. The stock had a trading volume of 6,005,281 shares, compared to its average volume of 3,336,833. The business's 50-day simple moving average is $298.75 and its two-hundred day simple moving average is $297.46. The stock has a market cap of $217.96 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 52-week low of $243.53 and a 52-week 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 (EPS) for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.32%. McDonald's's dividend payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wedbush upped their target price on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Piper Sandler reduced their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Barclays raised their price objective on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Robert W. Baird upped their target price on shares of McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley lowered their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $323.39.

Insider Activity at McDonald's

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at $2,964,892.08. This represents a 24.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,504 shares of company stock worth $10,206,575. 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.