Waddell & Associates LLC Buys 1,335 Shares of McDonald's Co. (NYSE:MCD)

Waddell & Associates LLC lifted its position in McDonald's Co. (NYSE:MCD - Free Report) by 123.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,416 shares of the fast-food giant's stock after acquiring an additional 1,335 shares during the period. Waddell & Associates LLC's holdings in McDonald's were worth $700,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MCD. United Bank lifted its holdings in shares of McDonald's by 3.5% during the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant's stock valued at $1,963,000 after purchasing an additional 218 shares in the last quarter. Morse Asset Management Inc lifted its stake in McDonald's by 12.8% in the third quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock valued at $1,031,000 after buying an additional 385 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in McDonald's in the third quarter valued at approximately $217,000. Executive Wealth Management LLC acquired a new position in shares of McDonald's in the third quarter valued at approximately $11,465,000. Finally, Brophy Wealth Management LLC bought a new stake in shares of McDonald's during the third quarter worth $1,551,000. Institutional investors own 70.29% of the company's stock.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock worth $8,461,400 over the last quarter. Company insiders own 0.23% of the company's stock.

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McDonald's Stock Performance

MCD traded up $3.06 during trading hours on Friday, reaching $309.84. The company's stock had a trading volume of 4,439,602 shares, compared to its average volume of 3,587,257. The company's 50-day moving average is $306.10 and its 200-day moving average is $299.00. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a market cap of $221.37 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. Equities analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.29%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wedbush upped their target price on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Piper Sandler reduced their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Robert W. Baird dropped their target price on McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Truist Financial cut their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays raised their price target on shares of McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.