Levin Capital Strategies L.P. Has $640,000 Holdings in McDonald’s Co. (NYSE:MCD)

Levin Capital Strategies L.P. grew its holdings in shares of McDonald’s Co. (NYSE:MCD) by 84.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,208 shares of the fast-food giant’s stock after purchasing an additional 1,012 shares during the period. Levin Capital Strategies L.P.’s holdings in McDonald’s were worth $640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $27,000. Collier Financial bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC bought a new stake in shares of McDonald’s during the 3rd quarter worth approximately $31,000. Finally, Marshall Investment Management LLC bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $308.17 on Friday. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90. The firm has a 50 day moving average price of $294.06 and a two-hundred day moving average price of $295.27. The stock has a market cap of $220.18 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. Analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent analyst reports. Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a report on Friday, January 3rd. Truist Financial cut their price target on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. BMO Capital Markets increased their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price objective on shares of McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Finally, KeyCorp increased their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $323.61.

Insider Transactions at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction 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 owns 7,887 shares of the company’s stock, valued at $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last three months. 0.23% of the stock is owned by company insiders.

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.