McDonald’s Co. (NYSE:MCD) Shares Acquired by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of McDonald’s Co. (NYSE:MCD) by 14.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 137,363 shares of the fast-food giant’s stock after buying an additional 17,111 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in McDonald’s were worth $39,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of MCD. Atala Financial Inc acquired a new position in McDonald’s in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s in the fourth quarter valued at about $27,000. Collier Financial acquired a new position in shares of McDonald’s during the fourth quarter worth about $29,000. Fairway Wealth LLC increased its stake in shares of McDonald’s by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock worth $30,000 after acquiring an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in McDonald’s during the fourth quarter worth about $30,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,099 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $304.60, for a total transaction of $334,755.40. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $475,176. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the transaction, the executive vice president now directly owns 4,606 shares of the company’s stock, valued at approximately $1,421,918.26. This represents a 69.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,436 shares of company stock valued at $4,458,290. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Barclays upped their price objective on McDonald’s from $347.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Bank of America increased their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. KeyCorp boosted their target price on shares of McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Finally, Erste Group Bank raised shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average price target of $325.91.

McDonald’s Price Performance

Shares of McDonald’s stock opened at $319.63 on Wednesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The business has a 50 day moving average price of $310.92 and a 200 day moving average price of $301.07. The company has a market capitalization of $228.55 billion, a P/E ratio of 28.06, a P/E/G ratio of 3.10 and a beta of 0.57.

McDonald’s (NYSE:MCD) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the business posted $2.70 earnings per share. McDonald’s’s revenue was down 3.5% compared to the same quarter last year. As a group, research analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.22%. McDonald’s’s dividend payout ratio is presently 62.49%.

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.