McDonald's Co. (NYSE:MCD) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,284 shares of the fast-food giant's stock after buying an additional 58,510 shares during the quarter. Canada Pension Plan Investment Board owned 0.08% of McDonald's worth $160,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Boltwood Capital Management grew its stake in McDonald's by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after buying an additional 35 shares during the last quarter. Pettee Investors Inc. grew its position in shares of McDonald's by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after acquiring an additional 35 shares during the last quarter. Covestor Ltd increased its holdings in shares of McDonald's by 4.1% in the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after acquiring an additional 35 shares during the period. Modus Advisors LLC raised its position in McDonald's by 0.4% in the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock valued at $2,724,000 after purchasing an additional 36 shares during the last quarter. Finally, Independent Wealth Network Inc. boosted its stake in McDonald's by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock worth $213,000 after purchasing an additional 36 shares during the period. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm'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 transaction, the chief executive officer now directly owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This trade represents 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 accessible through the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the transaction, the chief marketing officer now owns 9,858 shares of the company's stock, valued at $2,964,892.08. This represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,497 shares of company stock worth $8,461,400 over the last quarter. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price 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. KeyCorp boosted their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. BMO Capital Markets boosted their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Morgan Stanley lowered their target price on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Finally, Loop Capital restated a "buy" rating and issued a $342.00 price objective on shares of McDonald's in a research report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.87.

McDonald's Stock Up 2.9 %

Shares of MCD traded up $8.98 during mid-day trading on Tuesday, reaching $317.70. 810,173 shares of the stock traded hands, compared to its average volume of 3,677,429. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market cap of $226.98 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 3.10 and a beta of 0.62. The stock has a fifty day simple moving average of $307.41 and a 200 day simple moving average of $299.33.

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 for the quarter, hitting 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, equities research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is presently 62.16%.

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.