Invesco Ltd. Purchases 583,649 Shares of McDonald's Co. (NYSE:MCD)

Invesco Ltd. increased its stake in McDonald's Co. (NYSE:MCD - Free Report) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,277,907 shares of the fast-food giant's stock after purchasing an additional 583,649 shares during the quarter. Invesco Ltd. owned 0.60% of McDonald's worth $1,240,122,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in McDonald's in the 3rd quarter valued at approximately $25,000. Atala Financial Inc acquired a new position in shares of McDonald's in the fourth quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of McDonald's during the fourth quarter valued at $27,000. Collier Financial acquired a new stake in shares of McDonald's during the fourth quarter valued at $29,000. Finally, Fairway Wealth LLC lifted its holdings in McDonald's by 110.0% in the 4th 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. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of analyst reports. Loop Capital restated a "buy" rating and set a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. TD Securities reiterated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Robert W. Baird decreased their price target on McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research note on Monday. Morgan Stanley cut their price objective 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, Truist Financial lowered their target price on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Nine investment 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. Based on data from MarketBeat, McDonald's has a consensus rating of "Moderate Buy" and a consensus target price of $322.87.

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McDonald's Trading Up 0.3 %

NYSE:MCD traded up $0.96 during mid-day trading on Thursday, hitting $304.92. The company's stock had a trading volume of 3,253,815 shares, compared to its average volume of 3,566,934. The stock has a fifty day moving average of $305.38 and a 200-day moving average of $298.93. The company has a market capitalization of $217.86 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

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

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

Insider Activity at McDonald's

In other 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 completion of the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. 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 90 days. Insiders own 0.23% of the company's stock.

McDonald's 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.