OVERSEA CHINESE BANKING Corp Ltd Sells 16,922 Shares of McDonald's Co. (NYSE:MCD)

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 64.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,392 shares of the fast-food giant's stock after selling 16,922 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in McDonald's were worth $2,754,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in McDonald's by 1.4% during the third quarter. Geode Capital Management LLC now owns 15,916,980 shares of the fast-food giant's stock valued at $4,833,510,000 after purchasing an additional 220,365 shares during the last quarter. Wellington Management Group LLP grew its stake in McDonald's by 0.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,082,894 shares of the fast-food giant's stock valued at $4,592,892,000 after buying an additional 128,800 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in McDonald's by 0.9% in 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 acquiring an additional 52,195 shares during the period. Charles Schwab Investment Management Inc. lifted its position in McDonald's by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,694,202 shares of the fast-food giant's stock worth $1,650,692,000 after acquiring an additional 129,843 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in McDonald's by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,765,049 shares of the fast-food giant's stock valued at $841,966,000 after acquiring an additional 19,867 shares during the period. 70.29% of the stock is owned by institutional investors.

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McDonald's Stock Up 0.1 %

NYSE:MCD traded up $0.41 during trading hours on Monday, reaching $305.85. The company had a trading volume of 3,443,389 shares, compared to its average volume of 3,337,257. The firm has a market capitalization of $218.52 billion, a PE ratio of 26.85, a PEG ratio of 3.10 and a beta of 0.71. The stock has a 50-day moving average of $298.75 and a two-hundred day moving average of $297.53. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32.

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

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MCD shares. Robert W. Baird lifted their price objective on McDonald's from $305.00 to $310.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Loop Capital reiterated a "buy" rating and set a $342.00 price target on shares of McDonald's in a report on Friday, January 3rd. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Citigroup upped their target price on shares of McDonald's from $336.00 to $360.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Nine research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $323.39.

Insider Buying and Selling

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,405 shares of company stock worth $9,886,656 in the last three months. 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.