Sei Investments Co. Has $45.86 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Sei Investments Co. lifted its position in McDonald’s Co. (NYSE:MCD) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 158,164 shares of the fast-food giant’s stock after purchasing an additional 11,416 shares during the quarter. Sei Investments Co.’s holdings in McDonald’s were worth $45,855,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of McDonald’s during the third quarter worth approximately $25,000. Atala Financial Inc bought a new stake in McDonald’s during the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s during the 4th quarter valued at $27,000. Collier Financial bought a new position in McDonald’s in the 4th quarter valued at $29,000. Finally, Fairway Wealth LLC boosted its stake in McDonald’s by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total value of $436,134.05. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,405 shares of company stock valued at $9,886,656. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MCD shares. TD Securities reaffirmed a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a report on Monday, February 10th. Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. KeyCorp upped their target price on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Citigroup raised their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Truist Financial decreased their price objective on McDonald’s from $342.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.39.

McDonald’s Price Performance

NYSE MCD opened at $305.85 on Tuesday. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The firm has a market cap of $218.52 billion, a P/E ratio of 26.85, a P/E/G ratio of 3.10 and a beta of 0.71. The stock’s 50-day moving average is $299.21 and its 200-day moving average is $297.65.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS 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%. Equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.31%. McDonald’s’s dividend payout ratio is currently 62.16%.

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.