Canada Pension Plan Investment Board Has $183.19 Million Stock Holdings in McDonald's Corporation $MCD

Key Points

• The Canada Pension Plan Investment Board increased its stake in McDonald's Corporation by 6.0% during the first quarter, holding 586,462 shares worth approximately $183.19 million.
• McDonald's announced a quarterly dividend of $1.77 per share, with an expected annual dividend yield of 2.3% and a payout ratio of 60.67%.
• Analysts' ratings for McDonald's show a consensus "Hold" with target prices ranging significantly from $250.00 to $365.00.

Canada Pension Plan Investment Board increased its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 586,462 shares of the fast-food giant's stock after acquiring an additional 33,178 shares during the quarter. Canada Pension Plan Investment Board owned about 0.08% of McDonald's worth $183,193,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MCD. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's during the fourth quarter valued at $25,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the fourth quarter valued at $29,000. Abound Financial LLC acquired a new position in shares of McDonald's during the first quarter valued at $30,000. Copia Wealth Management acquired a new position in shares of McDonald's during the fourth quarter valued at $31,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of McDonald's during the first quarter valued at $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

Shares of McDonald's stock opened at $313.68 on Friday. McDonald's Corporation has a 1 year low of $276.53 and a 1 year high of $326.32. The business has a 50-day moving average of $301.22 and a two-hundred day moving average of $306.19. The company has a market capitalization of $223.84 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 3.18 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the company earned $2.97 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

Analyst Upgrades and Downgrades

MCD has been the topic of several analyst reports. TD Cowen increased their target price on McDonald's from $305.00 to $315.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Redburn Atlantic reissued a "sell" rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Melius initiated coverage on McDonald's in a research note on Monday, July 14th. They issued a "sell" rating and a $250.00 target price on the stock. Citigroup increased their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley increased their target price on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, McDonald's currently has a consensus rating of "Hold" and an average target price of $326.38.

Insider Transactions at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the transaction, the executive vice president directly owned 99 shares of the company's stock, valued at $30,690. This represents a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,341 shares of company stock valued at $2,229,327 over the last three months. 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.

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