McDonald's Co. (NYSE:MCD) Shares Purchased by BNP Paribas

BNP Paribas grew its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 22.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,943 shares of the fast-food giant's stock after buying an additional 4,890 shares during the period. BNP Paribas' holdings in McDonald's were worth $7,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC grew its stake in McDonald's by 12.7% in the 3rd quarter. World Investment Advisors LLC now owns 6,675 shares of the fast-food giant's stock valued at $2,033,000 after buying an additional 752 shares in the last quarter. Versant Capital Management Inc lifted its position in McDonald's by 49.3% during the fourth quarter. Versant Capital Management Inc now owns 1,093 shares of the fast-food giant's stock valued at $317,000 after purchasing an additional 361 shares during the last quarter. CWA Asset Management Group LLC increased its stake in McDonald's by 15.1% in the fourth quarter. CWA Asset Management Group LLC now owns 12,723 shares of the fast-food giant's stock valued at $3,688,000 after acquiring an additional 1,672 shares during the last quarter. Boltwood Capital Management raised its holdings in shares of McDonald's by 1.9% during the 4th quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after buying an additional 35 shares in the last quarter. Finally, Doliver Advisors LP lifted its position in McDonald's by 4.2% in the 4th quarter. Doliver Advisors LP now owns 4,456 shares of the fast-food giant's stock worth $1,292,000 after buying an additional 180 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. KeyCorp boosted their price objective on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Bank of America upped their price target on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Erste Group Bank upgraded McDonald's from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Truist Financial set a $350.00 price target on shares of McDonald's in a report on Friday, May 2nd. Finally, BMO Capital Markets restated an "outperform" rating and set a $345.00 price target (up from $340.00) on shares of McDonald's in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $325.91.

McDonald's Stock Up 0.4 %

NYSE:MCD traded up $1.34 during mid-day trading on Wednesday, hitting $318.13. 2,725,812 shares of the company traded hands, compared to its average volume of 3,571,628. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The firm has a market cap of $227.49 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The stock's fifty day moving average price is $309.54 and its 200-day moving average price is $300.00.

McDonald's (NYSE:MCD - Get Free Report) last posted 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. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $2.70 earnings per share. Equities analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Monday, March 3rd. McDonald's's payout ratio is presently 62.49%.

Insider Activity

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were 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 of the company's stock, valued at $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now owns 13,978 shares in the company, valued at approximately $4,263,290. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,136 shares of company stock valued at $8,676,247. Corporate insiders own 0.25% of the company's stock.

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.