Canada Post Corp Registered Pension Plan Purchases Shares of 10,838 McDonald's Co. (NYSE:MCD)

Canada Post Corp Registered Pension Plan purchased a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,838 shares of the fast-food giant's stock, valued at approximately $3,142,000.

A number of other hedge funds also recently added to or reduced their stakes in MCD. Mattern Capital Management LLC raised its stake in McDonald's by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after buying an additional 579 shares in the last quarter. Bell Bank grew its stake in McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after purchasing an additional 371 shares during the last quarter. YANKCOM Partnership bought a new position in McDonald's in the fourth quarter worth about $1,628,000. Integral Investment Advisors Inc. lifted its position in shares of McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after buying an additional 164 shares during the last quarter. Finally, PFW Advisors LLC purchased a new position in shares of McDonald's in the 4th quarter worth approximately $2,471,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Trading Up 0.6 %

NYSE:MCD traded up $1.72 during midday trading on Friday, reaching $310.82. The company had a trading volume of 2,726,918 shares, compared to its average volume of 3,584,180. The firm has a market capitalization of $222.07 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.10 and a beta of 0.62. The stock's fifty day simple moving average is $307.36 and its 200-day simple moving average is $299.30. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

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, hitting the consensus estimate of $2.83. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 2.28%. McDonald's's dividend payout ratio (DPR) is 62.16%.

Analysts Set New Price Targets

MCD has been the subject of several analyst reports. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. BMO Capital Markets increased their price objective 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 target price 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. Barclays boosted their price target on McDonald's from $347.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, Wedbush raised their price objective on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $322.87.

Insider Transactions at McDonald's

In other McDonald's news, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock worth $8,461,400 over the last 90 days. 0.23% of the stock is currently owned by 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.