Clearstead Trust LLC Increases Stake in McDonald’s Co. (NYSE:MCD)

Clearstead Trust LLC increased its holdings in McDonald’s Co. (NYSE:MCD) by 7.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,952 shares of the fast-food giant’s stock after purchasing an additional 1,025 shares during the period. McDonald’s makes up about 0.9% of Clearstead Trust LLC’s holdings, making the stock its 20th biggest holding. Clearstead Trust LLC’s holdings in McDonald’s were worth $4,045,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in McDonald’s by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant’s stock valued at $4,833,510,000 after buying an additional 220,365 shares during the period. Wellington Management Group LLP boosted its position in McDonald’s by 0.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant’s stock valued at $4,592,892,000 after buying an additional 128,800 shares during the period. Bank of New York Mellon Corp boosted its position in McDonald’s by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant’s stock valued at $1,682,473,000 after buying an additional 52,195 shares during the period. Charles Schwab Investment Management Inc. boosted its position in McDonald’s by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant’s stock valued at $1,650,692,000 after buying an additional 129,843 shares during the period. Finally, Janus Henderson Group PLC boosted its position in McDonald’s by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant’s stock valued at $841,966,000 after buying an additional 19,867 shares during the period. Hedge funds and other institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Performance

Shares of MCD stock opened at $300.00 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The company’s 50-day moving average is $296.96 and its 200 day moving average is $296.79. The company has a market capitalization of $214.34 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, research analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

Analyst Ratings Changes

MCD has been the subject of several analyst reports. Loop Capital reissued a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Barclays increased their price target on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Piper Sandler decreased their price objective on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Truist Financial decreased their price objective on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Wedbush upped their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Activity

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 33,504 shares of company stock valued at $10,206,575 in the last 90 days. 0.23% of the stock is currently owned by insiders.

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.