Oregon Public Employees Retirement Fund Purchases 60 Shares of McDonald’s Co. (NYSE:MCD)

Oregon Public Employees Retirement Fund lifted its position in McDonald’s Co. (NYSE:MCD) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,438 shares of the fast-food giant’s stock after purchasing an additional 60 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in McDonald’s were worth $17,810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in McDonald’s during the 3rd quarter valued at about $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the 4th quarter worth approximately $27,000. Collier Financial bought a new stake in shares of McDonald’s in the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC purchased a new position in shares of McDonald’s during the third quarter valued at approximately $31,000. Finally, Marshall Investment Management LLC bought a new position in shares of McDonald’s during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Piper Sandler reduced 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. KeyCorp raised their price objective on shares of McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. 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 report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Finally, TD Cowen reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a report on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

Insider Buying and Selling at McDonald’s

In related news, EVP Marion K. Gross sold 1,499 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $453,882. This trade represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total transaction of $319,918.90. Following the sale, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,504 shares of company stock valued at $9,897,305. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 1.1 %

Shares of MCD stock opened at $310.84 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The stock has a market capitalization of $222.75 billion, a P/E ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.74. The firm’s 50 day moving average is $293.10 and its 200 day moving average is $294.65.

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

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is currently 62.16%.

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.