McDonald's Co. (NYSE:MCD) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in McDonald's Co. (NYSE:MCD - Free Report) by 41.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 495,162 shares of the fast-food giant's stock after selling 344,183 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of McDonald's worth $143,543,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mattern Capital Management LLC increased its stake in 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 valued at $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank raised its position in McDonald's by 3.0% in the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after acquiring an additional 371 shares during the period. YANKCOM Partnership purchased a new position in shares of McDonald's during the 4th quarter worth $1,628,000. Integral Investment Advisors Inc. increased its stake in shares of McDonald's by 2.6% in the 4th 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 in the last quarter. Finally, PFW Advisors LLC purchased a new stake in McDonald's in the fourth quarter worth about $2,471,000. Institutional investors own 70.29% of the company's stock.

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 Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This represents a 7.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total value of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares of the company's stock, valued at approximately $10,155,997.80. This represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,136 shares of company stock worth $8,676,247. Insiders own 0.25% of the company's stock.

McDonald's Trading Down 0.6 %

MCD traded down $1.86 during trading on Friday, hitting $311.78. The company's stock had a trading volume of 3,993,672 shares, compared to its average volume of 3,568,955. The firm has a market capitalization of $222.95 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 3.10 and a beta of 0.62. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The business's fifty day simple moving average is $309.14 and its 200 day simple moving average is $300.09.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) 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 business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the firm posted $2.70 earnings per share. The company's revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.27%. McDonald's's dividend payout ratio is presently 62.16%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Bank of America upped their target price on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Loop Capital reissued a "buy" rating and set a $342.00 target price on shares of McDonald's in a research note on Friday, January 3rd. JPMorgan Chase & Co. raised their price target on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Truist Financial dropped their target price on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, BMO Capital Markets lifted their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $325.26.

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.