Capital International Ltd. CA Buys 264 Shares of McDonald’s Co. (NYSE:MCD)

Capital International Ltd. CA increased its position in McDonald’s Co. (NYSE:MCD) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,065 shares of the fast-food giant’s stock after buying an additional 264 shares during the period. Capital International Ltd. CA’s holdings in McDonald’s were worth $10,455,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MCD. Norges Bank bought a new position in shares of McDonald’s in the 4th quarter valued at about $2,725,190,000. Raymond James Financial Inc. purchased a new stake in shares of McDonald’s in the 4th quarter worth $703,074,000. Franklin Resources Inc. lifted its stake in McDonald’s by 24.4% in the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock worth $1,175,326,000 after acquiring an additional 794,536 shares during the period. APG Asset Management N.V. boosted its stake in shares of McDonald’s by 1,547.1% during the fourth quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant’s stock valued at $179,715,000 after purchasing an additional 602,976 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in McDonald’s by 43,591.6% during the 4th quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after acquiring an additional 589,359 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Stock Performance

NYSE:MCD opened at $310.82 on Friday. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The stock has a market cap of $222.07 billion, a PE ratio of 27.29, a P/E/G ratio of 3.10 and a beta of 0.62. The stock has a 50 day moving average price of $307.36 and a 200 day moving average price of $299.30.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.73% and a negative return on equity of 181.63%. As a group, analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.28%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is presently 62.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of McDonald’s from $360.00 to $353.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. TD Securities reiterated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Monday, February 10th. Wedbush increased their price objective on shares of McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Morgan Stanley reduced their price target on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a report on Friday, January 3rd. Nine 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.87.

Insider Buying and Selling

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 32,756 shares of the company’s stock, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,497 shares of company stock valued at $8,461,400. Company insiders own 0.23% of the company’s stock.

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.