Mizuho Securities USA LLC Acquires 21,403 Shares of McDonald's Co. (NYSE:MCD)

Mizuho Securities USA LLC increased its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,919 shares of the fast-food giant's stock after acquiring an additional 21,403 shares during the quarter. Mizuho Securities USA LLC's holdings in McDonald's were worth $19,689,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Mattern Capital Management LLC raised its position in McDonald's by 2.0% during the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after acquiring an additional 579 shares in the last quarter. Bell Bank lifted its stake in McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership purchased a new stake in McDonald's in the 4th quarter valued at $1,628,000. Integral Investment Advisors Inc. grew its holdings in shares of McDonald's by 2.6% in the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after purchasing an additional 164 shares during the period. Finally, PFW Advisors LLC purchased a new stake in shares of McDonald's in the 4th quarter valued at approximately $2,471,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Price Performance

MCD stock traded up $1.45 during mid-day trading on Tuesday, reaching $307.12. The company had a trading volume of 1,006,892 shares, compared to its average volume of 3,336,565. The company has a market capitalization of $219.42 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 3.10 and a beta of 0.71. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a 50 day simple moving average of $299.21 and a two-hundred day simple moving average of $297.65.

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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, hitting 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, equities analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.31%. McDonald's's payout ratio is currently 62.16%.

Insider Buying and Selling at McDonald's

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the completion of the transaction, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 300 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,405 shares of company stock worth $9,886,656 over the last quarter. Corporate insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Erste Group Bank raised shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. TD Securities reissued a "hold" rating and set a $300.00 price target on shares of McDonald's in a report on Monday, February 10th. Loop Capital reiterated a "buy" rating and set a $342.00 price target on shares of McDonald's in a research report on Friday, January 3rd. Finally, Truist Financial reduced their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $323.39.

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.