McDonald's Co. (NYSE:MCD) Shares Purchased by Aviva PLC

Aviva PLC boosted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432,406 shares of the fast-food giant's stock after purchasing an additional 23,024 shares during the quarter. Aviva PLC owned about 0.06% of McDonald's worth $125,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. United Bank increased its position in shares of McDonald's by 3.5% during the third quarter. United Bank now owns 6,446 shares of the fast-food giant's stock worth $1,963,000 after purchasing an additional 218 shares in the last quarter. Morse Asset Management Inc increased its position in McDonald's by 12.8% during the 3rd quarter. Morse Asset Management Inc now owns 3,385 shares of the fast-food giant's stock valued at $1,031,000 after buying an additional 385 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its position in McDonald's by 19.0% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,862 shares of the fast-food giant's stock valued at $872,000 after buying an additional 456 shares in the last quarter. Wills Financial Group Inc. purchased a new stake in McDonald's in the third quarter valued at about $236,000. Finally, Weiss Asset Management LP purchased a new stake in shares of McDonald's during the third quarter worth about $16,870,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insiders Place Their Bets

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,497 shares of company stock worth $8,461,400. Corporate insiders own 0.23% of the company's stock.

McDonald's Stock Down 0.2 %

Shares of McDonald's stock traded down $0.61 on Wednesday, reaching $299.22. The company's stock had a trading volume of 1,798,211 shares, compared to its average volume of 3,543,317. The company has a market capitalization of $213.78 billion, a P/E ratio of 26.26, a PEG ratio of 3.10 and a beta of 0.62. The stock has a 50-day moving average price of $304.80 and a 200-day moving average price of $298.86. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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 net margin of 31.73% and a negative return on equity of 181.63%. Sell-side analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.37%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

Analyst Upgrades and Downgrades

MCD has been the subject of several research analyst reports. Truist Financial decreased their price objective on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price objective on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Loop Capital reissued a "buy" rating and set a $342.00 price objective on shares of McDonald's in a report on Friday, January 3rd. Citigroup reduced their target price on McDonald's from $360.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, Wedbush boosted their price target on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Nine equities research 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, the company presently has an average rating of "Moderate Buy" and an average price target of $322.87.

About McDonald's

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.