Fiera Capital Corp Raises Holdings in McDonald’s Co. (NYSE:MCD)

Fiera Capital Corp increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,096 shares of the fast-food giant’s stock after acquiring an additional 3,748 shares during the period. Fiera Capital Corp’s holdings in McDonald’s were worth $33,365,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Naples Global Advisors LLC increased its holdings in McDonald’s by 0.3% in the fourth quarter. Naples Global Advisors LLC now owns 18,437 shares of the fast-food giant’s stock valued at $5,345,000 after buying an additional 56 shares in the last quarter. Retirement Guys Formula LLC increased its stake in McDonald’s by 5.0% in the 4th quarter. Retirement Guys Formula LLC now owns 3,440 shares of the fast-food giant’s stock valued at $997,000 after purchasing an additional 165 shares in the last quarter. Avion Wealth raised its holdings in McDonald’s by 52.9% during the fourth quarter. Avion Wealth now owns 607 shares of the fast-food giant’s stock worth $175,000 after purchasing an additional 210 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in McDonald’s by 33.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 188,016 shares of the fast-food giant’s stock worth $54,997,000 after purchasing an additional 47,209 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich grew its holdings in McDonald’s by 0.4% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 10,900 shares of the fast-food giant’s stock valued at $3,159,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MCD. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. TD Securities restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Monday. Citigroup increased their price target on shares of McDonald’s from $336.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America upped their target price on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley increased their target price on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

McDonald’s Stock Performance

Shares of NYSE:MCD opened at $309.99 on Friday. The stock has a 50-day simple moving average of $291.58 and a 200-day simple moving average of $292.08. The stock has a market capitalization of $222.15 billion, a P/E ratio of 27.22, a PEG ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. Analysts predict that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Announces Dividend

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

Insider Activity

In other news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $290.95, for a total transaction of $436,134.05. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. This represents a 49.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at $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. Over the last quarter, insiders sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is currently owned by corporate insiders.

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, Russia, Spain, and the U.K.