180 Shares in McDonald’s Co. (NYSE:MCD) Acquired by Mizuho Bank Ltd.

Mizuho Bank Ltd. acquired a new stake in shares of McDonald’s Co. (NYSE:MCD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 180 shares of the fast-food giant’s stock, valued at approximately $52,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Norges Bank bought a new position in McDonald’s in the fourth quarter valued at about $2,725,190,000. Raymond James Financial Inc. acquired a new stake in shares of McDonald’s in the 4th quarter valued at approximately $703,074,000. Franklin Resources Inc. boosted its stake in shares of McDonald’s by 24.4% in the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant’s stock valued at $1,175,326,000 after purchasing an additional 794,536 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of 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 purchasing an additional 589,359 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in McDonald’s by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant’s stock worth $20,341,391,000 after purchasing an additional 526,466 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McDonald’s

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the firm’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 sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred 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 directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. This trade represents a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,497 shares of company stock valued at $8,461,400. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $299.68 on Friday. The stock has a market capitalization of $214.11 billion, a P/E ratio of 26.31, a P/E/G ratio of 3.10 and a beta of 0.62. The business has a 50 day simple moving average of $304.34 and a 200 day simple moving average of $298.72. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32.

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

McDonald’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Bank of America boosted their target price on shares of McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Piper Sandler reduced their price objective on McDonald’s from $297.00 to $290.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Citigroup dropped their target price on McDonald’s from $360.00 to $353.00 and set a “buy” rating for the company in a research report on Thursday. KeyCorp boosted their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Finally, Erste Group Bank upgraded shares of McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.30.

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.