McDonald’s Co. (NYSE:MCD) Shares Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC grew its stake in McDonald’s Co. (NYSE:MCD) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,402 shares of the fast-food giant’s stock after acquiring an additional 682 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in McDonald’s were worth $4,755,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Whittier Trust Co. raised its stake in McDonald’s by 1.9% during the fourth quarter. Whittier Trust Co. now owns 73,275 shares of the fast-food giant’s stock worth $21,241,000 after purchasing an additional 1,391 shares during the period. Symmetry Partners LLC raised its position in shares of McDonald’s by 2.9% during the 4th quarter. Symmetry Partners LLC now owns 1,639 shares of the fast-food giant’s stock valued at $475,000 after buying an additional 46 shares during the period. Berkeley Capital Partners LLC lifted its holdings in McDonald’s by 4.2% in the fourth quarter. Berkeley Capital Partners LLC now owns 5,667 shares of the fast-food giant’s stock valued at $1,643,000 after acquiring an additional 231 shares during the last quarter. Teacher Retirement System of Texas raised its position in McDonald’s by 70.4% in the fourth quarter. Teacher Retirement System of Texas now owns 194,797 shares of the fast-food giant’s stock valued at $56,470,000 after purchasing an additional 80,467 shares during the period. Finally, Strategic Financial Services Inc. raised its position in McDonald’s by 119.6% in the fourth quarter. Strategic Financial Services Inc. now owns 1,790 shares of the fast-food giant’s stock valued at $519,000 after purchasing an additional 975 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD opened at $307.18 on Friday. 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 $219.47 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The business’s fifty day moving average price is $298.30 and its 200 day moving average price is $297.26.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates 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 anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 2.30%. McDonald’s’s dividend payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MCD shares. Robert W. Baird raised their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Morgan Stanley decreased their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday. Truist Financial dropped their target price 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. Erste Group Bank upgraded McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, KeyCorp lifted their price objective on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.39.

Insider Activity

In related news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value 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 $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’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 transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,504 shares of company stock worth $10,206,575. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Company 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.