McDonald's Co. (NYSE:MCD) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 21.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 966,580 shares of the fast-food giant's stock after acquiring an additional 171,345 shares during the period. Mackenzie Financial Corp owned 0.13% of McDonald's worth $280,202,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Atala Financial Inc purchased a new stake in shares of McDonald's during the 4th quarter valued at $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald's during the 4th quarter valued at $27,000. Collier Financial purchased a new stake in shares of McDonald's during the 4th quarter valued at $29,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's during the 4th quarter valued at $29,000. Finally, Fairway Wealth LLC grew its stake in shares of McDonald's by 110.0% during 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 period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MCD. Truist Financial set a $350.00 price objective on shares of McDonald's in a research note on Friday, May 2nd. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday. Citigroup upped their price target on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wedbush upped their price target on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Finally, Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $325.91.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares in the company, valued at approximately $1,720,778.28. This trade represents a 15.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,878 shares of company stock worth $904,192. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Stock Performance

Shares of McDonald's stock traded down $2.09 during trading on Wednesday, reaching $312.86. The company had a trading volume of 1,933,308 shares, compared to its average volume of 3,534,799. The company has a market cap of $223.71 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The firm's fifty day moving average is $311.99 and its 200-day moving average is $301.75. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting 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 net margin of 31.73% and a negative return on equity of 181.63%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.70 EPS. On average, research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid 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 2.26%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

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.