Allspring Global Investments Holdings LLC Acquires 47,209 Shares of McDonald’s Co. (NYSE:MCD)

Allspring Global Investments Holdings LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 33.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 188,016 shares of the fast-food giant’s stock after purchasing an additional 47,209 shares during the period. Allspring Global Investments Holdings LLC’s holdings in McDonald’s were worth $54,997,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Riversedge Advisors LLC lifted its stake in shares of McDonald’s by 2.0% during the third quarter. Riversedge Advisors LLC now owns 1,686 shares of the fast-food giant’s stock valued at $513,000 after acquiring an additional 33 shares during the period. Clear Creek Financial Management LLC lifted its stake in shares of McDonald’s by 2.8% during the third quarter. Clear Creek Financial Management LLC now owns 1,300 shares of the fast-food giant’s stock valued at $396,000 after acquiring an additional 35 shares during the period. GDS Wealth Management lifted its stake in shares of McDonald’s by 1.4% during the third quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant’s stock valued at $762,000 after acquiring an additional 35 shares during the period. Boltwood Capital Management lifted its stake in shares of McDonald’s by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock valued at $546,000 after acquiring an additional 35 shares during the period. Finally, McAdam LLC lifted its stake in shares of McDonald’s by 1.7% during the third quarter. McAdam LLC now owns 2,176 shares of the fast-food giant’s stock valued at $663,000 after acquiring an additional 36 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the sale, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MCD. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research note on Friday, January 3rd. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. KeyCorp increased their target price on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Performance

NYSE:MCD opened at $309.99 on Friday. The company has a market cap of $222.15 billion, a PE ratio of 27.22, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The stock has a 50-day simple moving average of $291.58 and a 200 day simple moving average of $292.08.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, research analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. McDonald’s’s payout ratio is presently 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, Russia, Spain, and the U.K.