McDonald's Co. (NYSE:MCD) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its stake in McDonald's Co. (NYSE:MCD - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,930 shares of the fast-food giant's stock after selling 3,006 shares during the period. AGF Management Ltd.'s holdings in McDonald's were worth $44,043,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of McDonald's in the 4th quarter valued at about $703,074,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of McDonald's by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock valued at $244,174,000 after acquiring an additional 677,139 shares during the period. Proficio Capital Partners LLC grew its position in shares of McDonald's by 43,591.6% during the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock worth $171,241,000 after acquiring an additional 589,359 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in McDonald's in the third quarter valued at $121,254,000. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of McDonald's by 518.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant's stock valued at $100,916,000 after buying an additional 291,802 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Stock Down 1.4 %

Shares of NYSE:MCD opened at $316.94 on Tuesday. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a fifty day moving average of $296.24 and a two-hundred day moving average of $296.56. The firm has a market capitalization of $226.44 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

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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, 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%. 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.23%. McDonald's's dividend payout ratio (DPR) is 62.16%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays lifted their price objective on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Piper Sandler cut their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Citigroup boosted their price target on McDonald's from $336.00 to $360.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley increased their price objective on McDonald's from $336.00 to $340.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Finally, Wedbush boosted their target price on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $323.61.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 300 shares of the company's stock in a transaction 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 transaction, the insider now owns 7,887 shares of the company's stock, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,504 shares of company stock valued at $10,206,575. 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.

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