McDonald's Co. (NYSE:MCD) Shares Sold by Amundi

Amundi lowered its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,222,580 shares of the fast-food giant's stock after selling 165,258 shares during the quarter. Amundi owned 0.31% of McDonald's worth $637,658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MCD. GDS Wealth Management lifted its stake in shares of McDonald's by 1.4% during the 3rd quarter. GDS Wealth Management now owns 2,504 shares of the fast-food giant's stock valued at $762,000 after buying an additional 35 shares in the last quarter. Boltwood Capital Management grew its holdings 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 valued at $546,000 after purchasing an additional 35 shares during the last quarter. Modus Advisors LLC grew its holdings in McDonald's by 0.4% during 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. Independent Wealth Network Inc. grew its stake in McDonald's by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock worth $213,000 after acquiring an additional 36 shares in the last quarter. Finally, Blue Barn Wealth LLC lifted its position in shares of McDonald's by 4.3% in the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock worth $252,000 after purchasing an additional 36 shares during the period. Institutional investors own 70.29% of the company's stock.

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Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 300 shares of McDonald's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company's stock, valued at $2,214,275.25. The trade was a 3.66 % 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, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction dated 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 in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 over the last ninety days. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of several research reports. Citigroup upped their price target on shares of McDonald's from $336.00 to $360.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. TD Securities reaffirmed a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research report on Monday, February 10th. Loop Capital reissued a "buy" rating and set a $342.00 target price on shares of McDonald's in a research report on Friday, January 3rd. KeyCorp increased their target price on shares of McDonald's from $320.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Wedbush increased their target price on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $323.61.

McDonald's Price Performance

MCD stock traded up $11.15 during midday trading on Friday, hitting $321.52. 7,606,559 shares of the stock traded hands, compared to its average volume of 3,341,679. The firm has a market cap of $229.71 billion, a P/E ratio of 28.23, a PEG ratio of 3.10 and a beta of 0.71. The stock's fifty day simple moving average is $295.69 and its 200-day simple moving average is $296.37. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $323.17.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting 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, research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, March 3rd. McDonald's's dividend payout ratio (DPR) is presently 62.16%.

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.