Norinchukin Bank The Buys 2,798 Shares of McDonald's Co. (NYSE:MCD)

Norinchukin Bank The grew its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,857 shares of the fast-food giant's stock after acquiring an additional 2,798 shares during the quarter. Norinchukin Bank The's holdings in McDonald's were worth $12,714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 157,458 shares in the last quarter. Capital Research Global Investors lifted its position in shares of McDonald's by 5.2% during the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after buying an additional 531,070 shares during the last quarter. Norges Bank bought a new position in McDonald's in the fourth quarter valued at about $2,725,190,000. Finally, Bank of New York Mellon Corp raised its stake in McDonald's by 0.9% during the fourth 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 acquiring an additional 52,195 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target 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 cut their target price on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. KeyCorp upped their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Barclays dropped their price target on McDonald's from $350.00 to $347.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, BMO Capital Markets boosted their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $322.74.

McDonald's Stock Performance

Shares of NYSE:MCD traded down $1.51 during midday trading on Wednesday, reaching $317.57. The company's stock had a trading volume of 1,852,087 shares, compared to its average volume of 3,581,109. The firm has a 50 day moving average price of $307.59 and a two-hundred day moving average price of $299.47. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $226.89 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

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

Insider Activity

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 shares were 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 represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction dated Tuesday, February 11th. The shares were 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 owns 32,756 shares of the company's stock, valued at $10,155,997.80. This represents 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 have sold 27,497 shares of company stock worth $8,461,400. Company 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.