Public Employees Retirement Association of Colorado Sells 3,959 Shares of McDonald's Co. (NYSE:MCD)

Public Employees Retirement Association of Colorado trimmed its stake in McDonald's Co. (NYSE:MCD - Free Report) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,680 shares of the fast-food giant's stock after selling 3,959 shares during the period. Public Employees Retirement Association of Colorado's holdings in McDonald's were worth $27,737,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in McDonald's in the fourth quarter worth about $2,725,190,000. Raymond James Financial Inc. bought a new stake in McDonald's in the fourth quarter valued at $703,074,000. Franklin Resources Inc. lifted its holdings in shares of McDonald's by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after acquiring an additional 794,536 shares during the period. APG Asset Management N.V. boosted its position in McDonald's by 1,547.1% in the fourth quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock valued at $179,715,000 after buying an additional 602,976 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of McDonald's by 43,591.6% in 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 last quarter. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 3,200 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the transaction, the chief marketing officer now owns 9,858 shares in the company, valued at approximately $2,964,892.08. This represents a 24.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald's stock in a transaction that occurred on 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 approximately $10,155,997.80. The trade was 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 28,136 shares of company stock worth $8,676,247. Insiders own 0.25% of the company's stock.

McDonald's Trading Up 0.1 %

Shares of MCD opened at $316.60 on Friday. The firm has a market capitalization of $226.20 billion, a price-to-earnings ratio of 27.80, a PEG 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 firm's 50-day moving average price is $308.18 and its 200-day moving average price is $299.78.

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, meeting analysts' consensus estimates of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, research analysts forecast 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 was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. McDonald's's dividend payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

MCD has been the topic of several research analyst reports. Truist Financial decreased their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley lowered their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Wedbush lifted their price target on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Piper Sandler dropped their price objective 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. Finally, KeyCorp raised their target price on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Ten 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. Based on data from MarketBeat.com, McDonald's has a consensus rating of "Moderate Buy" and an average target price of $322.74.

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.

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