Thrivent Financial for Lutherans Has $45.41 Million Stock Position in McDonald's Co. (NYSE:MCD)

Thrivent Financial for Lutherans trimmed its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,230 shares of the fast-food giant's stock after selling 4,254 shares during the quarter. Thrivent Financial for Lutherans' holdings in McDonald's were worth $45,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of McDonald's by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant's stock valued at $4,833,510,000 after purchasing an additional 220,365 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of McDonald's by 0.9% in the third quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant's stock worth $4,592,892,000 after buying an additional 128,800 shares during the period. Bank of New York Mellon Corp increased its position in shares of McDonald's by 0.9% in 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of McDonald's by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant's stock valued at $1,650,692,000 after acquiring an additional 129,843 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in McDonald's by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant's stock worth $841,966,000 after purchasing an additional 19,867 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction that occurred on 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 directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock worth $9,886,656 over the last ninety days. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MCD shares. Piper Sandler reduced their target price on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. TD Securities reissued a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research note on Monday, February 10th. Barclays lifted their target price on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. BMO Capital Markets increased 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, Morgan Stanley lowered their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Nine research 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $323.39.

McDonald's Stock Up 0.1 %

MCD traded up $0.41 during midday trading on Monday, reaching $305.85. 3,443,389 shares of the company's stock were exchanged, compared to its average volume of 3,337,257. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The firm has a market capitalization of $218.52 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business has a 50-day simple moving average of $298.75 and a two-hundred day simple moving average of $297.53.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly 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, research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

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

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.