Syon Capital LLC Acquires 968 Shares of McDonald's Co. (NYSE:MCD)

Syon Capital LLC increased its stake in McDonald's Co. (NYSE:MCD - Free Report) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,745 shares of the fast-food giant's stock after acquiring an additional 968 shares during the period. Syon Capital LLC's holdings in McDonald's were worth $1,955,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of McDonald's by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after buying an additional 526,466 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of McDonald's by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after buying an additional 157,458 shares during the last quarter. Capital Research Global Investors lifted its holdings in McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after purchasing an additional 531,070 shares during the period. Norges Bank bought a new position in McDonald's during the 4th quarter valued at $2,725,190,000. Finally, Bank of New York Mellon Corp grew its holdings in McDonald's by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant's stock worth $1,682,473,000 after acquiring an additional 52,195 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald's

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock valued at $8,676,247 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

McDonald's Price Performance

NYSE:MCD opened at $316.13 on Friday. The company has a market cap of $225.86 billion, a PE ratio of 27.76, a PEG ratio of 3.10 and a beta of 0.62. The firm has a 50-day moving average of $307.94 and a 200-day moving average of $299.70. 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 announced 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 net margin of 31.73% and a negative return on equity of 181.63%. On average, equities research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.24%. McDonald's's payout ratio is 62.16%.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. 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 research report on Tuesday, February 4th. Bank of America raised their price objective on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. TD Securities reiterated a "hold" rating and set a $300.00 target price on shares of McDonald's in a research report on Monday, February 10th. Barclays dropped their price objective on shares of McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Robert W. Baird reduced their price objective on McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Nine 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 currently has an average rating of "Moderate Buy" and a consensus target price of $322.74.

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.