Caisse DE Depot ET Placement DU Quebec Has $273.40 Million Stake in McDonald's Co. (NYSE:MCD)

Caisse DE Depot ET Placement DU Quebec increased its stake in McDonald's Co. (NYSE:MCD - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 943,104 shares of the fast-food giant's stock after purchasing an additional 141,246 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.13% of McDonald's worth $273,396,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MCD. Atala Financial Inc acquired a new position in shares of McDonald's in the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of McDonald's in the fourth quarter valued at about $27,000. Collier Financial acquired a new position in shares of McDonald's during the fourth quarter worth approximately $29,000. Fairway Wealth LLC boosted its position in McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in McDonald's in the fourth quarter worth about $30,000. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald's

In related news, CEO Christopher J. Kempczinski sold 10,500 shares of the firm'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 value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the sale, the insider now directly owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock worth $8,676,247 over the last quarter. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of several recent research reports. BMO Capital Markets upped their target price on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Bank of America boosted their price objective on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Wedbush lifted their price objective on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Piper Sandler increased their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday. Finally, TD Securities reissued a "hold" rating and issued a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. Ten 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. According to data from MarketBeat.com, McDonald's has a consensus rating of "Moderate Buy" and an average target price of $325.26.

McDonald's Stock Down 0.6 %

Shares of MCD traded down $1.86 during trading hours on Friday, hitting $311.78. 3,993,672 shares of the company were exchanged, compared to its average volume of 3,568,955. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm's fifty day moving average is $309.16 and its 200 day moving average is $300.08. The company has a market cap of $222.95 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.70 EPS. Analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.27%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is 62.16%.

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.