McDonald's Co. (NYSE:MCD) Stock Position Increased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MCD. Independent Wealth Network Inc. boosted its stake in McDonald's by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock worth $213,000 after buying an additional 36 shares during the last quarter. Red Door Wealth Management LLC boosted its stake in McDonald's by 71.9% in the 4th quarter. Red Door Wealth Management LLC now owns 5,615 shares of the fast-food giant's stock worth $1,628,000 after buying an additional 2,349 shares during the last quarter. Verde Capital Management acquired a new stake in McDonald's in the 4th quarter worth about $477,000. Secure Asset Management LLC boosted its stake in McDonald's by 3.1% in the 4th quarter. Secure Asset Management LLC now owns 7,520 shares of the fast-food giant's stock worth $2,180,000 after buying an additional 223 shares during the last quarter. Finally, Apeiron RIA LLC boosted its stake in McDonald's by 29.3% in the 4th quarter. Apeiron RIA LLC now owns 1,334 shares of the fast-food giant's stock worth $387,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at approximately $3,853,850. The trade was a 7.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the transaction, the executive vice president now owns 5,564 shares of the company's stock, valued at $1,720,778.28. This trade represents a 15.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,878 shares of company stock worth $904,192 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

McDonald's Stock Performance

Shares of MCD stock traded up $0.42 during trading hours on Tuesday, hitting $314.99. 2,525,607 shares of the company were exchanged, compared to its average volume of 3,541,201. The stock has a market capitalization of $225.23 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The business's 50-day simple moving average is $311.84 and its two-hundred day simple moving average is $301.65.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting 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 firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm earned $2.70 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, analysts anticipate that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.25%. McDonald's's dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MCD shares. Citigroup boosted their price objective on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley dropped their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Barclays raised their price objective on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Robert W. Baird increased their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, KeyCorp raised their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and a consensus 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.