McDonald’s Co. (NYSE:MCD) Shares Bought by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lifted its position in McDonald’s Co. (NYSE:MCD) by 0.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 280,266 shares of the fast-food giant’s stock after buying an additional 62 shares during the quarter. Lord Abbett & CO. LLC’s holdings in McDonald’s were worth $81,246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Topsail Wealth Management LLC acquired a new position in shares of McDonald’s in the fourth quarter worth $590,000. Stonebridge Capital Advisors LLC raised its position in McDonald’s by 0.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 98,594 shares of the fast-food giant’s stock valued at $28,582,000 after purchasing an additional 355 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of McDonald’s by 17.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 46,437 shares of the fast-food giant’s stock worth $13,462,000 after buying an additional 6,741 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of McDonald’s by 1.4% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 82,691 shares of the fast-food giant’s stock worth $24,055,000 after buying an additional 1,179 shares during the period. Finally, Burling Wealth Partners LLC acquired a new stake in McDonald’s in the fourth quarter valued at approximately $2,923,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

MCD has been the topic of a number of analyst reports. Piper Sandler reduced their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Robert W. Baird lowered their price objective on McDonald’s from $310.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Truist Financial cut their target price 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. 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. Finally, BMO Capital Markets boosted their price objective on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $322.74.

McDonald’s Stock Down 0.7 %

MCD opened at $316.13 on Friday. The business’s fifty day simple moving average is $307.94 and its 200 day simple moving average is $299.70. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The firm has a market cap of $225.86 billion, a P/E ratio of 27.76, a PEG ratio of 3.10 and a beta of 0.62.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, equities analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now directly owns 13,978 shares in the company, valued at approximately $4,263,290. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,136 shares of company stock valued at $8,676,247 over the last quarter. Company insiders own 0.25% of the company’s stock.

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.