McDonald's Co. (NYSE:MCD) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group increased its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 970,711 shares of the fast-food giant's stock after acquiring an additional 27,400 shares during the period. Schroder Investment Management Group owned about 0.14% of McDonald's worth $281,399,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. United Bank boosted its position in McDonald's by 3.5% in the 3rd quarter. United Bank now owns 6,446 shares of the fast-food giant's stock valued at $1,963,000 after buying an additional 218 shares during the period. Cynosure Group LLC bought a new stake in shares of McDonald's during the third quarter valued at approximately $216,000. Public Sector Pension Investment Board boosted its holdings in shares of McDonald's by 11.6% in the third quarter. Public Sector Pension Investment Board now owns 30,844 shares of the fast-food giant's stock valued at $9,392,000 after purchasing an additional 3,200 shares during the period. Fred Alger Management LLC grew its stake in McDonald's by 4.4% in the third quarter. Fred Alger Management LLC now owns 18,331 shares of the fast-food giant's stock worth $5,582,000 after purchasing an additional 776 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in McDonald's by 542.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant's stock worth $244,174,000 after purchasing an additional 677,139 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Piper Sandler cut their price target on McDonald's from $297.00 to $290.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Wedbush boosted their price target on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Bank of America raised their price objective on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Finally, BMO Capital Markets boosted their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $323.61.

McDonald's Stock Performance

Shares of McDonald's stock traded down $0.81 during trading on Wednesday, hitting $312.82. 822,368 shares of the company's stock were exchanged, compared to its average volume of 3,493,403. The stock has a market capitalization of $223.50 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 3.10 and a beta of 0.71. The business has a 50-day simple moving average of $302.77 and a 200-day simple moving average of $298.47. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts' consensus estimates of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. On average, equities analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. 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 2.26%. McDonald's's payout ratio is 62.16%.

Insider Activity at McDonald's

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 3,200 shares of the firm'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 value of $962,432.00. Following the completion of the sale, the chief marketing officer now directly owns 9,858 shares in the company, valued at approximately $2,964,892.08. The trade was a 24.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,996 shares of company stock worth $8,897,534 in the last three months. 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.