Compass Ion Advisors LLC Grows Position in McDonald’s Co. (NYSE:MCD)

Compass Ion Advisors LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,916 shares of the fast-food giant’s stock after purchasing an additional 220 shares during the period. Compass Ion Advisors LLC’s holdings in McDonald’s were worth $555,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in McDonald’s by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after buying an additional 220,365 shares in the last quarter. Wellington Management Group LLP lifted its holdings in McDonald’s by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after buying an additional 128,800 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in McDonald’s by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock valued at $1,682,473,000 after buying an additional 52,195 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in McDonald’s by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock valued at $1,650,692,000 after buying an additional 129,843 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in McDonald’s by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after buying an additional 19,867 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MCD shares. JPMorgan Chase & Co. lifted their price objective on shares of McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Truist Financial decreased their price objective 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. Morgan Stanley reduced their price target on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a report on Monday. KeyCorp boosted their price target on shares of McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Erste Group Bank upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.39.

Insider Buying and Selling at McDonald’s

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the 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 sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $291.10, for a total transaction of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares in the company, valued at $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,504 shares of company stock worth $10,206,575. 0.23% of the stock is owned by corporate insiders.

McDonald’s Trading Down 0.1 %

Shares of McDonald’s stock opened at $303.60 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market capitalization of $216.91 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 3.10 and a beta of 0.71. The firm’s 50 day simple moving average is $297.49 and its two-hundred day simple moving average is $297.13.

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 analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, sell-side analysts predict that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. McDonald’s’s payout ratio is 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, Spain, and the U.K.