CIBC Asset Management Inc lowered its position in McDonald's Co. (NYSE:MCD) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 83,015 shares of the fast-food giant’s stock after selling 2,039 shares during the period. CIBC Asset Management Inc’s holdings in McDonald's were worth $14,289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Everence Capital Management Inc. grew its holdings in shares of McDonald's by 11.8% in the fourth quarter. Everence Capital Management Inc. now owns 22,452 shares of the fast-food giant’s stock valued at $3,864,000 after purchasing an additional 2,362 shares during the period. Gator Capital Management LLC purchased a new stake in shares of McDonald's in the fourth quarter valued at about $964,000. Linscomb & Williams Inc. grew its holdings in shares of McDonald's by 2.2% in the fourth quarter. Linscomb & Williams Inc. now owns 37,492 shares of the fast-food giant’s stock valued at $6,453,000 after purchasing an additional 790 shares during the period. Van Cleef Asset Management Inc grew its holdings in shares of McDonald's by 127.1% in the fourth quarter. Van Cleef Asset Management Inc now owns 5,619 shares of the fast-food giant’s stock valued at $967,000 after purchasing an additional 3,145 shares during the period. Finally, Checchi Capital Advisers LLC grew its holdings in shares of McDonald's by 11.9% in the fourth quarter. Checchi Capital Advisers LLC now owns 10,542 shares of the fast-food giant’s stock valued at $1,814,000 after purchasing an additional 1,120 shares during the period. 68.51% of the stock is owned by hedge funds and other institutional investors.

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MCD has been the subject of several research analyst reports. Jefferies Group raised shares of McDonald's from a “hold” rating to a “buy” rating and increased their target price for the stock from $150.00 to $200.00 in a research note on Tuesday, December 5th. Citigroup increased their target price on shares of McDonald's from $167.00 to $176.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Barclays lowered their target price on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Goldman Sachs set a $180.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 target price for the company in a research note on Thursday, January 18th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. McDonald's has a consensus rating of “Buy” and an average price target of $183.02.

In related news, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Shares of McDonald's stock opened at $158.66 on Thursday. The firm has a market cap of $126,333.11, a P/E ratio of 24.95, a P/E/G ratio of 2.40 and a beta of 0.65. McDonald's Co. has a 1-year low of $128.41 and a 1-year high of $178.70. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04.

McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm’s revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 earnings per share. equities analysts forecast that McDonald's Co. will post 7.59 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.55%. McDonald's’s dividend payout ratio (DPR) is 63.52%.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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

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