McDonald’s Corporation $MCD Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in McDonald’s Corporation (NYSE:MCD) by 51.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,921 shares of the fast-food giant’s stock after buying an additional 29,991 shares during the quarter. NEOS Investment Management LLC’s holdings in McDonald’s were worth $26,718,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its stake in McDonald’s by 84.1% during the 2nd quarter. Federated Hermes Inc. now owns 141,775 shares of the fast-food giant’s stock valued at $41,422,000 after acquiring an additional 64,757 shares during the last quarter. Global X Japan Co. Ltd. grew its stake in McDonald’s by 236.7% in the third quarter. Global X Japan Co. Ltd. now owns 6,502 shares of the fast-food giant’s stock worth $1,976,000 after purchasing an additional 4,571 shares in the last quarter. D.A. Davidson & CO. increased its holdings in McDonald’s by 2.7% in the third quarter. D.A. Davidson & CO. now owns 143,492 shares of the fast-food giant’s stock valued at $43,606,000 after buying an additional 3,774 shares during the last quarter. Choreo LLC raised its stake in McDonald’s by 1.7% during the second quarter. Choreo LLC now owns 58,515 shares of the fast-food giant’s stock valued at $17,096,000 after buying an additional 954 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC bought a new position in McDonald’s during the 3rd quarter worth approximately $1,120,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 2,626 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $325.25, for a total transaction of $854,106.50. Following the transaction, the insider owned 5,398 shares in the company, valued at $1,755,699.50. This trade represents a 32.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $305.50, for a total value of $2,006,218.50. Following the completion of the sale, the executive vice president owned 4,606 shares of the company’s stock, valued at $1,407,133. This trade represents a 58.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 31,439 shares of company stock worth $9,772,464. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

MCD has been the topic of several research reports. Argus raised McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 price target on the stock in a research report on Friday. Jefferies Financial Group raised their price target on shares of McDonald’s from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler boosted their price objective on shares of McDonald’s from $323.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays raised their target price on shares of McDonald’s from $372.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Truist Financial upped their target price on McDonald’s from $356.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $337.04.

McDonald’s Trading Down 1.4%

NYSE MCD opened at $327.58 on Tuesday. McDonald’s Corporation has a 52 week low of $283.47 and a 52 week high of $335.67. The stock has a market cap of $233.29 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 3.32 and a beta of 0.52. The company has a 50-day moving average price of $313.38 and a two-hundred day moving average price of $308.53.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Wednesday, February 11th. The fast-food giant reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.07. McDonald’s had a negative return on equity of 343.90% and a net margin of 31.85%.The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the company posted $2.83 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities research analysts expect that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, March 3rd. McDonald’s’s payout ratio is currently 62.26%.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.