McDonald's Co. (NYSE:MCD) Shares Purchased by Scotia Capital Inc.

Scotia Capital Inc. grew its stake in McDonald's Co. (NYSE:MCD - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 501,208 shares of the fast-food giant's stock after purchasing an additional 25,225 shares during the quarter. Scotia Capital Inc. owned approximately 0.07% of McDonald's worth $145,305,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MCD. Vanguard Group Inc. boosted its stake in McDonald's by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the last quarter. Geode Capital Management LLC raised its holdings in McDonald's by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after acquiring an additional 157,458 shares during the last quarter. Norges Bank purchased a new position in McDonald's in the 4th quarter worth approximately $2,725,190,000. Bank of New York Mellon Corp boosted its holdings in shares of McDonald's by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant's stock worth $1,682,473,000 after purchasing an additional 52,195 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of McDonald's by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant's stock valued at $1,650,692,000 after purchasing an additional 129,843 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the company'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. This represents a 24.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm'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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,497 shares of company stock worth $8,461,400. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MCD. Morgan Stanley reduced their price objective on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Robert W. Baird dropped their price objective on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Wedbush lifted their target price on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Bank of America lifted their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $322.87.

McDonald's Stock Up 1.4 %

NYSE:MCD traded up $4.27 during mid-day trading on Monday, reaching $314.17. 1,202,190 shares of the stock were exchanged, compared to its average volume of 3,578,135. The stock has a market capitalization of $224.46 billion, a P/E ratio of 27.58, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The company has a 50 day simple moving average of $306.10 and a 200-day simple moving average of $299.00.

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

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 2.25%. McDonald's's dividend payout ratio is currently 62.16%.

McDonald's Company 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.