Cibc World Markets Corp boosted its position in McDonald’s Co. (NYSE:MCD – Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 254,482 shares of the fast-food giant’s stock after purchasing an additional 12,283 shares during the quarter. Cibc World Markets Corp’s holdings in McDonald’s were worth $73,772,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Boltwood Capital Management boosted its holdings in McDonald’s by 1.9% in the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant’s stock valued at $546,000 after purchasing an additional 35 shares during the last quarter. Pettee Investors Inc. lifted its holdings in McDonald’s by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant’s stock worth $1,566,000 after buying an additional 35 shares during the last quarter. Modus Advisors LLC lifted its holdings in McDonald’s by 0.4% during the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant’s stock worth $2,724,000 after buying an additional 36 shares during the last quarter. Independent Wealth Network Inc. lifted its holdings in McDonald’s by 5.1% during 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. Finally, Blue Barn Wealth LLC lifted its holdings in McDonald’s by 4.3% during the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant’s stock worth $252,000 after buying an additional 36 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at McDonald’s
In other news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $291.10, for a total value of $319,918.90. Following the transaction, the insider now directly owns 8,187 shares in the company, valued at approximately $2,383,235.70. The trade was a 11.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,504 shares of company stock worth $10,206,575. Company insiders own 0.23% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on McDonald’s
McDonald’s Trading Up 0.8 %
MCD opened at $300.00 on Monday. The stock has a market cap of $214.34 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.10 and a beta of 0.71. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The stock has a fifty day moving average price of $296.96 and a 200 day moving average price of $296.91.
McDonald’s (NYSE:MCD – Get Free Report) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.
McDonald’s Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. McDonald’s’s dividend payout ratio is currently 62.16%.
About McDonald’s
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.
Featured Articles
- Five stocks we like better than McDonald’s
- High Dividend REITs: Are They an Ideal Way to Diversify?
- How to Build the Ultimate Everything ETF Portfolio
- Best Aerospace Stocks Investing
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- What is the Euro STOXX 50 Index?
- 3 Stocks With High ROE and Market-Beating Growth Potential
Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald’s Co. (NYSE:MCD – Free Report).
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.