Groupama Asset Managment Sells 10,530 Shares of McDonald's Co. (NYSE:MCD)

Groupama Asset Managment lowered its stake in McDonald's Co. (NYSE:MCD - Free Report) by 35.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,796 shares of the fast-food giant's stock after selling 10,530 shares during the quarter. Groupama Asset Managment's holdings in McDonald's were worth $5,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Mattern Capital Management LLC grew its position in McDonald's by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank boosted its position in shares of McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after acquiring an additional 371 shares during the period. YANKCOM Partnership bought a new stake in McDonald's in the 4th quarter valued at $1,628,000. Integral Investment Advisors Inc. lifted its position in shares of McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock worth $1,888,000 after acquiring an additional 164 shares during the period. Finally, PFW Advisors LLC acquired a new stake in McDonald's during the fourth quarter worth $2,471,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the sale, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,497 shares of company stock worth $8,461,400 over the last quarter. 0.23% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on MCD shares. TD Securities reissued a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research report on Monday, February 10th. Truist Financial dropped their target price on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their price target on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Robert W. Baird raised their price objective on shares of McDonald's from $305.00 to $310.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Finally, KeyCorp boosted their target price on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. 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. According to data from MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and a consensus price target of $323.30.

McDonald's Price Performance

NYSE:MCD traded up $6.57 on Thursday, hitting $318.15. 7,020,608 shares of the company's stock were exchanged, compared to its average volume of 3,517,179. The company has a market cap of $227.31 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71. The firm has a 50-day moving average price of $303.38 and a 200-day moving average price of $298.56. 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 released its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (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%. On average, 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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid 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 2.23%. McDonald's's dividend payout ratio is presently 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.