Russell Investments Group Ltd. Has $139.10 Million Position in McDonald’s Co. (NYSE:MCD)

Russell Investments Group Ltd. grew its position in shares of McDonald’s Co. (NYSE:MCD) by 39.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 469,256 shares of the fast-food giant’s stock after purchasing an additional 133,523 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of McDonald’s worth $139,102,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of McDonald’s by 0.4% during the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after purchasing an additional 262,147 shares during the period. Northern Trust Corp lifted its stake in shares of McDonald’s by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after acquiring an additional 151,161 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in McDonald’s by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock valued at $1,401,570,000 after acquiring an additional 237,532 shares during the last quarter. Ameriprise Financial Inc. increased its position in McDonald’s by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock valued at $1,209,171,000 after purchasing an additional 199,657 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of McDonald’s by 0.7% in the 4th quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock worth $1,159,877,000 after purchasing an additional 26,147 shares during the period. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Evercore ISI restated an “outperform” rating and issued a $330.00 target price on shares of McDonald’s in a report on Wednesday, March 27th. Robert W. Baird reiterated an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a report on Tuesday, February 6th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Truist Financial dropped their target price on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Finally, Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.41.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.9 %

Shares of NYSE:MCD traded down $2.51 during trading on Friday, reaching $273.09. The company’s stock had a trading volume of 3,636,458 shares, compared to its average volume of 3,338,426. McDonald’s Co. has a 12 month low of $245.73 and a 12 month high of $302.39. The firm’s 50 day simple moving average is $281.68 and its two-hundred day simple moving average is $281.53. The stock has a market capitalization of $196.90 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the company posted $2.59 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts anticipate that McDonald’s Co. will post 12.34 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.