AIA Group Ltd Buys 7,960 Shares of McDonald's Co. (NYSE:MCD)

AIA Group Ltd boosted its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 65.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 20,212 shares of the fast-food giant's stock after purchasing an additional 7,960 shares during the quarter. AIA Group Ltd's holdings in McDonald's were worth $5,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of McDonald's during the third quarter valued at approximately $25,000. Atala Financial Inc purchased a new stake in McDonald's during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's in the 4th quarter worth $27,000. Collier Financial purchased a new position in shares of McDonald's in the fourth quarter worth $29,000. Finally, Fairway Wealth LLC lifted its holdings 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 valued at $30,000 after purchasing an additional 55 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald's Price Performance

Shares of NYSE MCD traded up $1.20 during midday trading on Tuesday, reaching $313.57. 2,411,214 shares of the stock traded hands, compared to its average volume of 3,499,388. The company's 50 day moving average is $302.16 and its 200 day moving average is $298.35. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The stock has a market capitalization of $224.03 billion, a PE ratio of 27.53, a P/E/G ratio of 3.10 and a beta of 0.71.

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McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, equities analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley reduced their price objective on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. BMO Capital Markets lifted their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Truist Financial lowered their price target on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, Piper Sandler cut their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.61.

Insider Activity

In other news, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $300.76, for a total value of $962,432.00. Following the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. This represents a 24.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,996 shares of company stock valued at $8,897,534 in the last ninety days. Insiders own 0.23% of the company's stock.

McDonald's Company 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.