Leelyn Smith LLC Increases Position in McDonald’s Co. (NYSE:MCD)

Leelyn Smith LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,403 shares of the fast-food giant’s stock after purchasing an additional 212 shares during the quarter. McDonald’s comprises approximately 1.1% of Leelyn Smith LLC’s portfolio, making the stock its 19th largest holding. Leelyn Smith LLC’s holdings in McDonald’s were worth $5,915,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mattern Capital Management LLC boosted its stake in McDonald’s by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank raised its holdings in shares of McDonald’s by 3.0% during the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after acquiring an additional 371 shares during the period. YANKCOM Partnership acquired a new position in shares of McDonald’s during the 4th quarter valued at about $1,628,000. Charles Schwab Investment Management Inc. grew its holdings in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after purchasing an additional 49,106 shares during the period. Finally, Integral Investment Advisors Inc. increased its position in McDonald’s by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after purchasing an additional 164 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald’s Stock Up 1.4 %

Shares of NYSE:MCD opened at $304.01 on Tuesday. McDonald’s Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market cap of $217.20 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm’s 50 day moving average price is $297.20 and its 200 day moving average price is $297.02.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. On average, equities analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current 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 $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. McDonald’s’s payout ratio is currently 62.16%.

Insider Transactions at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares in the company, valued at $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company’s stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,504 shares of company stock valued at $10,206,575. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays boosted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. TD Securities reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Truist Financial reduced 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. Robert W. Baird increased their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley cut their price objective on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average price target of $323.39.

About McDonald’s

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.