Callan Family Office LLC Has $2.93 Million Stock Position in McDonald’s Co. (NYSE:MCD)

Callan Family Office LLC raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1,318.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,102 shares of the fast-food giant’s stock after buying an additional 9,390 shares during the quarter. Callan Family Office LLC’s holdings in McDonald’s were worth $2,928,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in McDonald’s in the 3rd quarter worth $25,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald’s in the fourth quarter valued at about $27,000. Collier Financial acquired a new stake in McDonald’s during the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC bought a new position in McDonald’s during the third quarter valued at about $31,000. Finally, Marshall Investment Management LLC acquired a new position in McDonald’s in the 4th quarter valued at approximately $37,000. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MCD shares. Citigroup lifted their price objective on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley lifted their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Barclays raised their price objective on shares of McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Piper Sandler lowered their target price on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, TD Securities restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Price Performance

MCD stock opened at $310.54 on Friday. The stock has a market capitalization of $221.87 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The company has a 50 day moving average price of $295.13 and a 200 day moving average price of $296.01. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. As a group, equities analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently declared 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 2.28%. The ex-dividend date is Monday, March 3rd. McDonald’s’s dividend payout ratio is 62.16%.

Insider Buying and Selling

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock valued at $10,206,575 over the last ninety days. Insiders own 0.23% of the company’s stock.

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.