Unigestion Holding SA Cuts Stock Holdings in McDonald's Co. (NYSE:MCD)

Unigestion Holding SA decreased its position in McDonald's Co. (NYSE:MCD - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,242 shares of the fast-food giant's stock after selling 31,129 shares during the period. McDonald's makes up 1.6% of Unigestion Holding SA's holdings, making the stock its 22nd biggest holding. Unigestion Holding SA's holdings in McDonald's were worth $27,610,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in McDonald's by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after buying an additional 526,466 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of McDonald's by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after purchasing an additional 157,458 shares during the last quarter. Norges Bank bought a new position in shares of McDonald's in the fourth quarter valued at approximately $2,725,190,000. Bank of New York Mellon Corp raised its position 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 valued at $1,682,473,000 after buying an additional 52,195 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 valued at $1,650,692,000 after acquiring an additional 129,843 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Barclays lifted their price target on McDonald's from $347.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Truist Financial decreased their target price on McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Piper Sandler reduced their price target on shares of McDonald's from $297.00 to $290.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, Bank of America lifted their price objective on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Nine research 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, McDonald's has an average rating of "Moderate Buy" and a consensus target price of $322.87.

McDonald's Stock Up 0.4 %

Shares of McDonald's stock traded up $1.26 during trading on Thursday, hitting $305.22. 3,253,815 shares of the stock traded hands, compared to its average volume of 3,566,713. The firm's fifty day moving average is $305.38 and its 200-day moving average is $298.93. The stock has a market cap of $218.07 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.10 and a beta of 0.62. 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 posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS 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%. On average, analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. McDonald's's dividend payout ratio is presently 62.16%.

Insider Buying and Selling

In other news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock valued at $8,461,400 over the last quarter. 0.23% of the stock is owned by company insiders.

About McDonald's

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.