Bank of Jackson Hole Trust Buys New Shares in McDonald’s Co. (NYSE:MCD)

Bank of Jackson Hole Trust bought a new stake in McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,265 shares of the fast-food giant’s stock, valued at approximately $946,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Callahan Advisors LLC boosted its position in McDonald’s by 8.2% during the fourth quarter. Callahan Advisors LLC now owns 59,810 shares of the fast-food giant’s stock worth $17,338,000 after purchasing an additional 4,538 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its position in McDonald’s by 65.9% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 35,237 shares of the fast-food giant’s stock worth $10,215,000 after purchasing an additional 13,998 shares during the period. Ramsay Stattman Vela & Price Inc. boosted its position in McDonald’s by 1.2% during the fourth quarter. Ramsay Stattman Vela & Price Inc. now owns 7,552 shares of the fast-food giant’s stock worth $2,189,000 after purchasing an additional 90 shares during the period. Waycross Partners LLC boosted its position in McDonald’s by 1,818.0% during the fourth quarter. Waycross Partners LLC now owns 49,445 shares of the fast-food giant’s stock worth $14,334,000 after purchasing an additional 46,867 shares during the period. Finally, Bfsg LLC boosted its position in McDonald’s by 0.7% during the fourth quarter. Bfsg LLC now owns 13,692 shares of the fast-food giant’s stock worth $3,969,000 after purchasing an additional 92 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Down 1.2 %

MCD stock opened at $304.85 on Wednesday. The company has a market cap of $218.46 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.16 and a beta of 0.74. The business has a 50-day simple moving average of $292.20 and a 200 day simple moving average of $293.38. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. 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 62.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MCD shares. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Piper Sandler reduced 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 report on Tuesday, February 4th. Citigroup lifted their price objective on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Guggenheim downgraded McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Finally, Robert W. Baird lifted their target price on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.61.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,906 shares of company stock valued at $5,406,382. 0.23% of the stock is currently owned by corporate 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.