APG Asset Management N.V. Has $179.72 Million Position in McDonald's Co. (NYSE:MCD)

APG Asset Management N.V. raised its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 1,547.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 641,950 shares of the fast-food giant's stock after acquiring an additional 602,976 shares during the quarter. APG Asset Management N.V. owned about 0.09% of McDonald's worth $179,715,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in McDonald's in the third quarter valued at about $25,000. Atala Financial Inc acquired a new position in shares of McDonald's during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's in the 4th quarter valued at about $27,000. Collier Financial acquired a new stake in shares of McDonald's in the 4th quarter valued at approximately $29,000. Finally, Fairway Wealth LLC boosted its stake in McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following 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. Over the last 90 days, insiders sold 27,497 shares of company stock worth $8,461,400. Company insiders own 0.23% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MCD shares. JPMorgan Chase & Co. upped their target price on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Piper Sandler dropped their price objective on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Wedbush lifted their target price on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Morgan Stanley lowered their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Finally, Citigroup cut their price objective on McDonald's from $360.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. 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 stock. Based on data from MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and a consensus target price of $322.87.

McDonald's Price Performance

MCD stock traded up $3.06 during mid-day trading on Friday, reaching $309.84. The company had a trading volume of 4,439,602 shares, compared to its average volume of 3,583,747. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market capitalization of $221.37 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 3.10 and a beta of 0.62. The stock has a 50 day simple moving average of $306.10 and a two-hundred day simple moving average of $299.04.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results 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%. On average, equities analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

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 was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.29%. McDonald's's dividend payout ratio (DPR) 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.