McDonald’s Co. (NYSE:MCD) Holdings Lifted by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. boosted its holdings in McDonald’s Co. (NYSE:MCD) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,032 shares of the fast-food giant’s stock after acquiring an additional 4,352 shares during the quarter. McDonald’s comprises about 1.7% of Laffer Tengler Investments Inc.’s investment portfolio, making the stock its 19th biggest holding. Laffer Tengler Investments Inc.’s holdings in McDonald’s were worth $8,706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in shares of McDonald’s in the 3rd quarter worth approximately $25,000. Comprehensive Financial Planning Inc. PA acquired a new position in McDonald’s in the fourth quarter worth approximately $27,000. Collier Financial bought a new position in shares of McDonald’s in the fourth quarter valued at $29,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of McDonald’s during the 3rd quarter valued at $31,000. Finally, Marshall Investment Management LLC bought a new stake in shares of McDonald’s during the 4th quarter worth $37,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.4 %

MCD stock opened at $305.66 on Wednesday. The firm has a market cap of $218.38 billion, a PE ratio of 26.84, a PEG ratio of 3.10 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a fifty day simple moving average of $294.54 and a 200 day simple moving average of $295.83.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting 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, analysts forecast that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,504 shares of company stock valued at $10,206,575. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Wedbush upped their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Piper Sandler lowered their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, BMO Capital Markets boosted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $323.61.

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.