Townsquare Capital LLC Acquires 2,894 Shares of McDonald's Co. (NYSE:MCD)

Townsquare Capital LLC raised its stake in McDonald's Co. (NYSE:MCD - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,674 shares of the fast-food giant's stock after acquiring an additional 2,894 shares during the period. Townsquare Capital LLC's holdings in McDonald's were worth $16,720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new position in shares of McDonald's during the fourth quarter worth about $2,725,190,000. Raymond James Financial Inc. bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $703,074,000. Franklin Resources Inc. boosted its position in shares of McDonald's by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after buying an additional 794,536 shares during the period. APG Asset Management N.V. increased its position in McDonald's by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock valued at $179,715,000 after acquiring an additional 602,976 shares during the period. Finally, Proficio Capital Partners LLC increased its position in McDonald's by 43,591.6% in 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 acquiring an additional 589,359 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now directly owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23 % 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, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $305.00, for a total value of $286,395.00. Following the completion of the transaction, the insider now directly owns 13,978 shares of the company's stock, valued at approximately $4,263,290. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,497 shares of company stock valued at $8,461,400 in the last 90 days. 0.23% of the stock is currently owned by insiders.

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McDonald's Trading Up 2.0 %

NYSE MCD traded up $6.22 during trading on Monday, hitting $316.12. 4,068,086 shares of the company traded hands, compared to its average volume of 3,589,175. The company has a market capitalization of $225.86 billion, a P/E ratio of 27.75, a PEG ratio of 3.10 and a beta of 0.62. The business has a fifty day simple moving average of $306.10 and a 200 day simple moving average of $299.00. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

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%. Equities research analysts predict that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm 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. 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 dividend payout ratio is presently 62.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup lowered their price target on McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Truist Financial lowered their price objective on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Wedbush upped their price objective on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley lowered their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.87.

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.