McDonald's Co. (NYSE:MCD) Stake Lowered by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its position in McDonald's Co. (NYSE:MCD - Free Report) by 80.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,064 shares of the fast-food giant's stock after selling 117,335 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in McDonald's were worth $8,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of McDonald's during the fourth quarter worth $2,725,190,000. Raymond James Financial Inc. purchased a new stake in McDonald's during the 4th quarter valued at about $703,074,000. Franklin Resources Inc. raised its holdings in McDonald's by 24.4% in the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after acquiring an additional 794,536 shares during the last quarter. APG Asset Management N.V. lifted its stake in McDonald's by 1,547.1% in the 4th 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 grew its position in shares of 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 purchasing an additional 589,359 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marion K. Gross sold 1,099 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $304.60, for a total value of $334,755.40. Following the completion of the sale, the executive vice president now owns 1,560 shares of the company's stock, valued at $475,176. This trade represents a 41.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,497 shares of company stock valued at $8,461,400. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird dropped their target price on McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Loop Capital restated a "buy" rating and set a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Piper Sandler decreased their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, 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. Nine 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $322.74.

McDonald's Stock Down 0.2 %

MCD traded down $0.50 on Wednesday, hitting $318.58. 3,200,089 shares of the company traded hands, compared to its average volume of 3,586,290. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a 50 day moving average of $307.59 and a 200-day moving average of $299.47. The stock has a market capitalization of $227.61 billion, a PE ratio of 27.97, a PEG ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.22%. McDonald's's payout ratio is currently 62.16%.

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.