McDonald’s Co. (NYSE:MCD) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 156,219 shares of the fast-food giant’s stock after acquiring an additional 5,026 shares during the period. Daiwa Securities Group Inc.’s holdings in McDonald’s were worth $46,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its stake in McDonald’s by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after buying an additional 19,217,818 shares during the last quarter. Norges Bank purchased a new position in shares of McDonald’s in the 4th quarter valued at approximately $2,341,360,000. International Assets Investment Management LLC grew its stake in shares of McDonald’s by 10,702.5% in the 4th 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 purchasing an additional 2,154,297 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of McDonald’s by 1,189.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock valued at $541,962,000 after purchasing an additional 2,021,754 shares during the last quarter. Finally, Imprint Wealth LLC grew its stake in shares of McDonald’s by 31,574.5% in the 2nd quarter. Imprint Wealth LLC now owns 1,628,069 shares of the fast-food giant’s stock valued at $162,807,000 after purchasing an additional 1,622,929 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

McDonald’s Trading Up 1.7 %

Shares of NYSE MCD traded up $4.52 during trading on Wednesday, reaching $269.95. The company had a trading volume of 3,244,022 shares, compared to its average volume of 3,246,766. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock has a market capitalization of $194.64 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. The stock has a 50-day moving average price of $284.21 and a two-hundred day moving average price of $280.76.

McDonald’s (NYSE:MCD) last released its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.83 by $0.12. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 earnings per share. On average, sell-side analysts predict that McDonald’s Co. will post 12.35 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.47%. McDonald’s’s payout ratio is currently 57.74%.

Analysts Set New Price Targets

Several brokerages have weighed in on MCD. Barclays lowered their target price on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a research note on Tuesday, February 6th. Truist Financial decreased their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Argus restated a “hold” rating on shares of McDonald’s in a research note on Monday, March 25th. Finally, Wedbush restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Profile

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.