McDonald’s Co. (NYSE:MCD) Shares Acquired by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,512 shares of the fast-food giant’s stock after acquiring an additional 47 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in McDonald’s were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in McDonald’s by 10,702.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after buying an additional 2,154,297 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in McDonald’s in the third quarter valued at $192,165,000. AMF Tjanstepension AB raised its holdings in shares of McDonald’s by 174.7% in the third quarter. AMF Tjanstepension AB now owns 947,653 shares of the fast-food giant’s stock valued at $249,693,000 after buying an additional 602,707 shares during the last quarter. Barclays PLC boosted its stake in shares of McDonald’s by 16.7% during the third quarter. Barclays PLC now owns 2,997,877 shares of the fast-food giant’s stock worth $789,762,000 after buying an additional 429,000 shares during the period. Finally, Winslow Capital Management LLC grew its holdings in shares of McDonald’s by 39.6% during the third quarter. Winslow Capital Management LLC now owns 1,306,329 shares of the fast-food giant’s stock worth $344,139,000 after buying an additional 370,699 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MCD. Guggenheim decreased their price objective on McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets lowered their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Wednesday. UBS Group cut their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Wedbush reduced their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, Truist Financial dropped their price target on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $317.74.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

McDonald’s Stock Performance

NYSE:MCD traded down $2.96 during trading hours on Friday, hitting $270.32. The stock had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39. The company has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.91 and a beta of 0.71. The business’s 50 day moving average is $279.53 and its 200-day moving average is $282.76.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.63 earnings per share. On average, sell-side analysts anticipate that McDonald’s Co. will post 12.18 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, February 29th. McDonald’s’s payout ratio is 56.71%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.