ING Groep NV Acquires 39,767 Shares of McDonald’s Corporation $MCD

ING Groep NV boosted its holdings in shares of McDonald’s Corporation (NYSE:MCDFree Report) by 16.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 286,805 shares of the fast-food giant’s stock after acquiring an additional 39,767 shares during the period. ING Groep NV’s holdings in McDonald’s were worth $87,157,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. WD Rutherford LLC lifted its stake in McDonald’s by 1.0% in the third quarter. WD Rutherford LLC now owns 3,261 shares of the fast-food giant’s stock valued at $991,000 after buying an additional 33 shares during the period. Redhawk Wealth Advisors Inc. raised its position in shares of McDonald’s by 1.4% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,423 shares of the fast-food giant’s stock valued at $736,000 after acquiring an additional 34 shares during the period. Symmetry Partners LLC boosted its stake in McDonald’s by 2.0% during the 3rd quarter. Symmetry Partners LLC now owns 1,771 shares of the fast-food giant’s stock worth $538,000 after acquiring an additional 34 shares during the last quarter. Jackson Hole Capital Partners LLC grew its holdings in McDonald’s by 0.3% during the third quarter. Jackson Hole Capital Partners LLC now owns 11,032 shares of the fast-food giant’s stock valued at $3,352,000 after purchasing an additional 34 shares during the period. Finally, NorthStar Asset Management LLC NJ grew its holdings in McDonald’s by 3.6% during the second quarter. NorthStar Asset Management LLC NJ now owns 1,003 shares of the fast-food giant’s stock valued at $293,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.

Insider Buying and Selling at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 2,486 shares of McDonald’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $320.00, for a total value of $795,520.00. Following the sale, the executive vice president owned 6,268 shares of the company’s stock, valued at approximately $2,005,760. The trade was a 28.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Manuel Jm Steijaert sold 6,567 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 4,606 shares in the company, valued at $1,407,133. The trade was a 58.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 32,008 shares of company stock valued at $9,895,452. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MCD shares. TD Cowen reissued a “hold” rating on shares of McDonald’s in a research report on Thursday, January 8th. Barclays raised their price objective on McDonald’s from $358.00 to $372.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Mizuho boosted their target price on McDonald’s from $300.00 to $325.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Truist Financial increased their price target on McDonald’s from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Morgan Stanley set a $335.00 price objective on McDonald’s in a report on Friday, October 17th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, McDonald’s presently has a consensus rating of “Hold” and an average price target of $332.38.

Get Our Latest Report on MCD

McDonald’s Price Performance

MCD stock opened at $326.15 on Wednesday. The stock has a market capitalization of $232.27 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.29 and a beta of 0.52. McDonald’s Corporation has a fifty-two week low of $283.47 and a fifty-two week high of $328.06. The business has a 50-day moving average of $311.90 and a 200-day moving average of $307.79.

McDonald’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd will be paid a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, March 3rd. McDonald’s’s payout ratio is presently 63.48%.

McDonald’s News Roundup

Here are the key news stories impacting McDonald’s this week:

About McDonald’s

(Free Report)

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.

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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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