Parallel Advisors LLC Increases Position in McDonald’s Co. (NYSE:MCD)

Parallel Advisors LLC lifted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,295 shares of the fast-food giant’s stock after acquiring an additional 1,997 shares during the quarter. Parallel Advisors LLC’s holdings in McDonald’s were worth $4,434,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of MCD. Raymond James Financial Inc. purchased a new stake in shares of McDonald’s during the fourth quarter worth about $703,074,000. Caisse DE Depot ET Placement DU Quebec grew its stake in McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock worth $244,174,000 after purchasing an additional 677,139 shares in the last quarter. Proficio Capital Partners LLC grew its stake in McDonald’s by 43,591.6% in the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock worth $171,241,000 after purchasing an additional 589,359 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in McDonald’s in the third quarter worth about $121,254,000. Finally, Commerzbank Aktiengesellschaft FI grew its stake in McDonald’s by 518.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant’s stock worth $100,916,000 after purchasing an additional 291,802 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald’s

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction 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 sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over 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.

McDonald’s Trading Up 1.4 %

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

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

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.33%. McDonald’s’s dividend payout ratio is currently 62.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler decreased their price target on McDonald’s from $297.00 to $290.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Robert W. Baird lifted their price target on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Morgan Stanley decreased their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research note on Monday. Bank of America lifted their price target on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Finally, TD Securities restated a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and an average target price of $323.39.

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.