McDonald’s Co. (NYSE:MCD) Shares Acquired by Norinchukin Bank The

Norinchukin Bank The raised its holdings in McDonald’s Co. (NYSE:MCD) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,857 shares of the fast-food giant’s stock after purchasing an additional 2,798 shares during the period. Norinchukin Bank The’s holdings in McDonald’s were worth $12,714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MCD. Norges Bank acquired a new position in McDonald’s during the 4th quarter worth $2,725,190,000. Raymond James Financial Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $703,074,000. Franklin Resources Inc. lifted its position in shares of McDonald’s by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock worth $1,175,326,000 after purchasing an additional 794,536 shares during the last quarter. APG Asset Management N.V. grew its stake in McDonald’s by 1,547.1% in the fourth quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock worth $179,715,000 after purchasing an additional 602,976 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in McDonald’s by 43,591.6% in the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after buying an additional 589,359 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald’s

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares of the company’s stock, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the transaction, the insider now owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock valued at $8,461,400 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Trading Up 0.6 %

McDonald’s stock opened at $310.82 on Friday. The company’s 50-day moving average price is $307.38 and its two-hundred day moving average price is $299.35. The stock has a market cap of $222.07 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.10 and a beta of 0.62. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $326.32.

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

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MCD shares. Wedbush lifted their target price on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Barclays boosted their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Piper Sandler reduced their price target on shares of McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Bank of America raised their target price on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.87.

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.