Umpqua Bank Grows Stock Position in McDonald's Co. (NYSE:MCD)

Umpqua Bank lifted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,776 shares of the fast-food giant's stock after buying an additional 1,573 shares during the period. Umpqua Bank's holdings in McDonald's were worth $2,471,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Intellus Advisors LLC purchased a new position in shares of McDonald's in the 4th quarter worth approximately $873,000. Forefront Wealth Management Inc. bought a new stake in McDonald's during the fourth quarter worth $1,967,000. Sei Investments Co. boosted its position in McDonald's by 7.8% in the fourth quarter. Sei Investments Co. now owns 158,164 shares of the fast-food giant's stock worth $45,855,000 after purchasing an additional 11,416 shares during the last quarter. American Century Companies Inc. grew its stake in McDonald's by 336.9% in the 4th quarter. American Century Companies Inc. now owns 232,328 shares of the fast-food giant's stock valued at $67,350,000 after purchasing an additional 179,155 shares during the period. Finally, Plancorp LLC increased its position in shares of McDonald's by 5.3% during the 4th quarter. Plancorp LLC now owns 9,918 shares of the fast-food giant's stock valued at $2,875,000 after purchasing an additional 503 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Loop Capital reaffirmed a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. JPMorgan Chase & Co. increased their target price on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Wedbush boosted their target price on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Truist Financial reduced their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, Citigroup raised their target price on McDonald's from $336.00 to $360.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Nine equities 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 stock. According to MarketBeat, McDonald's has an average rating of "Moderate Buy" and an average price target of $323.39.

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Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This trade represents 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 business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at $2,964,892.08. This trade represents a 24.51 % 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 valued at $9,886,656 over the last ninety days. Company insiders own 0.23% of the company's stock.

McDonald's Stock Up 2.1 %

Shares of MCD traded up $6.47 during mid-day trading on Wednesday, hitting $313.39. 2,623,868 shares of the company's stock traded hands, compared to its average volume of 3,334,388. The business's 50-day moving average price is $300.34 and its 200-day moving average price is $297.89. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm has a market capitalization of $223.91 billion, a P/E ratio of 27.51, a PEG ratio of 3.10 and a beta of 0.71.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is presently 62.16%.

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.