NEOS Investment Management LLC Buys 9,952 Shares of McDonald’s Co. (NYSE:MCD)

NEOS Investment Management LLC increased its position in shares of McDonald’s Co. (NYSE:MCD) by 31.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,020 shares of the fast-food giant’s stock after acquiring an additional 9,952 shares during the quarter. NEOS Investment Management LLC’s holdings in McDonald’s were worth $12,181,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UniSuper Management Pty Ltd lifted its holdings in McDonald’s by 1.9% during the fourth quarter. UniSuper Management Pty Ltd now owns 540,842 shares of the fast-food giant’s stock worth $156,785,000 after acquiring an additional 10,116 shares in the last quarter. Moment Partners LLC bought a new position in shares of McDonald’s during the 4th quarter valued at about $396,000. Sava Infond d.o.o. acquired a new position in shares of McDonald’s in the 4th quarter valued at approximately $870,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in McDonald’s by 7.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,273,368 shares of the fast-food giant’s stock worth $375,363,000 after purchasing an additional 93,048 shares in the last quarter. Finally, Tyler Stone Wealth Management raised its holdings in McDonald’s by 4.0% during the 4th quarter. Tyler Stone Wealth Management now owns 5,408 shares of the fast-food giant’s stock worth $1,568,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This trade represents a 49.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,405 shares of company stock worth $9,886,656 over the last three months. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MCD. Piper Sandler reduced their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Robert W. Baird upped 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. Barclays increased their price objective on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Morgan Stanley cut their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Finally, BMO Capital Markets raised their price target on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Nine research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.39.

McDonald’s Stock Performance

MCD stock opened at $313.39 on Thursday. The company has a fifty day moving average price of $300.34 and a 200-day moving average price of $297.89. The company has a market capitalization of $223.91 billion, a P/E ratio of 27.51, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last posted 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%. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.26%. McDonald’s’s payout ratio is currently 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.