BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 17,111 Shares of McDonald's Co. (NYSE:MCD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,363 shares of the fast-food giant's stock after buying an additional 17,111 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in McDonald's were worth $39,820,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MCD. Atala Financial Inc acquired a new position in shares of McDonald's in the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald's during the 4th quarter valued at $27,000. Collier Financial purchased a new stake in shares of McDonald's in the fourth quarter valued at $29,000. Fairway Wealth LLC lifted its holdings in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's in the fourth quarter worth $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. KeyCorp increased their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. TD Securities reaffirmed a "hold" rating and set a $300.00 price objective on shares of McDonald's in a research report on Monday, February 10th. BMO Capital Markets reissued an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Finally, Robert W. Baird upped their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Eleven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $325.91.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company'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 transaction of $295,850.73. Following the completion of the transaction, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the firm's stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 2,878 shares of company stock worth $904,192 over the last ninety days. Company insiders own 0.25% of the company's stock.

McDonald's Price Performance

MCD traded up $0.34 on Monday, hitting $314.65. The company had a trading volume of 2,701,517 shares, compared to its average volume of 3,545,274. The stock has a market cap of $224.99 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The company's fifty day moving average price is $311.68 and its 200 day moving average price is $301.54. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The company 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.70 earnings per share. On average, sell-side analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

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

McDonald's 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.