Cozad Asset Management Inc. Has $2.63 Million Stake in McDonald’s Co. (NYSE:MCD)

Cozad Asset Management Inc. boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 9,056 shares of the fast-food giant’s stock after acquiring an additional 203 shares during the period. Cozad Asset Management Inc.’s holdings in McDonald’s were worth $2,625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in McDonald’s during the 3rd quarter valued at $25,000. Atala Financial Inc acquired a new stake in McDonald’s during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s during the 4th quarter valued at $27,000. Collier Financial acquired a new stake in McDonald’s during the 4th quarter valued at $29,000. Finally, Fairway Wealth LLC increased its holdings in McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Stock Up 0.8 %

Shares of NYSE MCD opened at $300.00 on Monday. The business’s 50 day moving average price is $296.96 and its two-hundred day moving average price is $296.91. The company has a market cap of $214.34 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

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

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

Insider Activity

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,504 shares of company stock valued at $10,206,575. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

MCD has been the subject of several research reports. Truist Financial lowered their target price on McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Piper Sandler lowered their target price 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. Wedbush lifted their target price on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Loop Capital reissued a “buy” rating and issued a $342.00 target price on shares of McDonald’s in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s 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.