Banque Transatlantique SA Buys Shares of 157,513 McDonald's Co. (NYSE:MCD)

Banque Transatlantique SA purchased a new position in McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 157,513 shares of the fast-food giant's stock, valued at approximately $45,558,000. McDonald's comprises about 1.1% of Banque Transatlantique SA's holdings, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. World Investment Advisors LLC grew its position in shares of McDonald's by 12.7% in the 3rd quarter. World Investment Advisors LLC now owns 6,675 shares of the fast-food giant's stock worth $2,033,000 after buying an additional 752 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of McDonald's by 49.3% in the 4th quarter. Versant Capital Management Inc now owns 1,093 shares of the fast-food giant's stock worth $317,000 after acquiring an additional 361 shares in the last quarter. CWA Asset Management Group LLC lifted its position in McDonald's by 15.1% during the 4th quarter. CWA Asset Management Group LLC now owns 12,723 shares of the fast-food giant's stock valued at $3,688,000 after acquiring an additional 1,672 shares during the period. Boltwood Capital Management boosted its stake in McDonald's by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock worth $546,000 after acquiring an additional 35 shares in the last quarter. Finally, Doliver Advisors LP increased its stake in shares of McDonald's by 4.2% during the fourth quarter. Doliver Advisors LP now owns 4,456 shares of the fast-food giant's stock valued at $1,292,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCD. JPMorgan Chase & Co. increased their target price on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Robert W. Baird lifted their target price on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday. Piper Sandler boosted their price objective on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Finally, Morgan Stanley lowered 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. Eleven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, McDonald's currently has a consensus rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.22 during trading on Tuesday, hitting $316.94. The company had a trading volume of 2,687,763 shares, compared to its average volume of 3,573,365. The stock has a market cap of $226.63 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The company has a fifty day simple moving average of $309.54 and a two-hundred day simple moving average of $300.00. 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 released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business's revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.70 earnings per share. On average, equities research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is 62.49%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the sale, the insider now owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This represents a 7.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald's 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 transaction, the executive vice president now directly owns 5,564 shares in the company, valued at approximately $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,136 shares of company stock valued at $8,676,247. 0.25% of the stock is currently owned by corporate insiders.

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.