Mackenzie Financial Corp Has $280.20 Million Holdings in McDonald's Co. (NYSE:MCD)

Mackenzie Financial Corp boosted its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 21.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 966,580 shares of the fast-food giant's stock after purchasing an additional 171,345 shares during the quarter. Mackenzie Financial Corp owned about 0.13% of McDonald's worth $280,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mattern Capital Management LLC lifted its stake in shares of McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after purchasing an additional 579 shares during the last quarter. Bell Bank grew its stake in McDonald's by 3.0% during the 4th 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 acquired a new position in shares of McDonald's in the fourth quarter valued at about $1,628,000. Integral Investment Advisors Inc. lifted its holdings 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 worth $1,888,000 after purchasing an additional 164 shares during the period. Finally, Aviva PLC boosted its position in McDonald's by 5.6% in the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after buying an additional 23,024 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald's Stock Down 0.5%

Shares of MCD traded down $1.52 during midday trading on Thursday, reaching $311.32. 1,100,655 shares of the stock were exchanged, compared to its average volume of 3,507,243. The company has a market cap of $222.60 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 3.10 and a beta of 0.57. The firm has a 50 day simple moving average of $312.15 and a 200-day simple moving average of $301.82. 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 posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm posted $2.70 earnings per share. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.27%. McDonald's's dividend payout ratio is currently 62.49%.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MCD shares. Barclays raised their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Citigroup upped their price target on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Robert W. Baird raised their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley lowered their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $325.91.

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.