PNC Financial Services Group Inc. Has $808.96 Million Position in McDonald's Co. (NYSE:MCD)

PNC Financial Services Group Inc. lessened its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,790,587 shares of the fast-food giant's stock after selling 33,157 shares during the period. PNC Financial Services Group Inc. owned 0.39% of McDonald's worth $808,963,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of McDonald's during the fourth quarter valued at $703,074,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of McDonald's by 542.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock valued at $244,174,000 after acquiring an additional 677,139 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of McDonald's by 43,591.6% during the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant's stock valued at $171,241,000 after acquiring an additional 589,359 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of McDonald's during the third quarter valued at $121,254,000. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of McDonald's by 518.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant's stock valued at $100,916,000 after acquiring an additional 291,802 shares during the period. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares of the company's stock, valued at approximately $2,383,235.70. This represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,504 shares of company stock worth $10,206,575 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Loop Capital reaffirmed a "buy" rating and set a $342.00 price target on shares of McDonald's in a research note on Friday, January 3rd. Robert W. Baird increased their target price on McDonald's from $305.00 to $310.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Wedbush increased their target price on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Barclays increased their target price on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Piper Sandler cut their target price on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, McDonald's currently has a consensus rating of "Moderate Buy" and an average price target of $323.61.

McDonald's Stock Up 3.6 %

Shares of NYSE:MCD traded up $11.15 during mid-day trading on Friday, reaching $321.52. 7,606,559 shares of the stock were exchanged, compared to its average volume of 3,341,679. The company has a market cap of $229.71 billion, a P/E ratio of 28.23, a P/E/G ratio of 3.10 and a beta of 0.71. McDonald's Co. has a one year low of $243.53 and a one year high of $323.17. The stock's 50 day simple moving average is $295.69 and its 200-day simple moving average is $296.32.

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, 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%. Analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.20%. McDonald's's dividend payout ratio is 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.