TCW Group Inc. Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

TCW Group Inc. lifted its position in McDonald’s Co. (NYSE:MCD) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,960 shares of the fast-food giant’s stock after buying an additional 305 shares during the period. TCW Group Inc.’s holdings in McDonald’s were worth $3,757,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MCD. Allworth Financial LP lifted its holdings in shares of McDonald’s by 8.2% during the 3rd quarter. Allworth Financial LP now owns 35,395 shares of the fast-food giant’s stock valued at $10,778,000 after purchasing an additional 2,674 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in McDonald’s by 16.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,411 shares of the fast-food giant’s stock valued at $19,252,000 after buying an additional 9,644 shares in the last quarter. NorthCrest Asset Manangement LLC raised its stake in McDonald’s by 32.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 2,826 shares of the fast-food giant’s stock valued at $861,000 after buying an additional 686 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in McDonald’s by 3.0% in the third quarter. GHP Investment Advisors Inc. now owns 2,553 shares of the fast-food giant’s stock worth $777,000 after acquiring an additional 74 shares in the last quarter. Finally, Modera Wealth Management LLC grew its stake in shares of McDonald’s by 27.8% during the third quarter. Modera Wealth Management LLC now owns 26,268 shares of the fast-food giant’s stock worth $7,999,000 after acquiring an additional 5,717 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Insider Activity

In other McDonald’s news, EVP Marion K. Gross sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $304.60, for a total transaction of $334,755.40. Following the completion of the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $475,176. The trade was a 41.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 21,106 shares of company stock worth $6,382,112 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $304.76 on Monday. The company has a market capitalization of $218.40 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The company’s fifty day moving average price is $292.61 and its 200 day moving average price is $294.10. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 expect 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 will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

Analysts Set New Price Targets

MCD has been the subject of several research analyst reports. TD Securities reiterated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Piper Sandler lowered their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Bank of America boosted their price objective on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Citigroup lifted their price target on McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Barclays boosted their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Company 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.