Healthcare of Ontario Pension Plan Trust Fund Purchases 31,351 Shares of McDonald’s Co. (NYSE:MCD)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in McDonald’s Co. (NYSE:MCD) by 312.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,370 shares of the fast-food giant’s stock after buying an additional 31,351 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in McDonald’s were worth $10,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCD. Morningstar Investment Services LLC increased its holdings in McDonald’s by 226.3% during the 4th quarter. Morningstar Investment Services LLC now owns 3,031 shares of the fast-food giant’s stock worth $897,000 after purchasing an additional 2,102 shares in the last quarter. AdvisorShares Investments LLC boosted its stake in shares of McDonald’s by 248.7% in the 4th quarter. AdvisorShares Investments LLC now owns 1,883 shares of the fast-food giant’s stock worth $558,000 after buying an additional 1,343 shares during the last quarter. Wealth Quarterback LLC lifted its stake in McDonald’s by 69.0% in the fourth quarter. Wealth Quarterback LLC now owns 3,445 shares of the fast-food giant’s stock valued at $1,021,000 after purchasing an additional 1,406 shares during the last quarter. Waterloo Capital L.P. purchased a new position in McDonald’s in the fourth quarter valued at approximately $617,000. Finally, Scholtz & Company LLC purchased a new position in McDonald’s in the fourth quarter valued at approximately $940,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Trading Up 0.1 %

McDonald’s stock opened at $303.76 on Friday. The firm has a 50-day moving average of $286.67 and a 200-day moving average of $271.88. The firm has a market cap of $218.91 billion, a P/E ratio of 25.79, a P/E/G ratio of 3.99 and a beta of 0.73. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $306.96.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the business earned $3.17 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Research analysts forecast that McDonald’s Co. will post 11.69 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from McDonald’s’s previous quarterly dividend of $1.67. This represents a $7.08 annualized dividend and a yield of 2.33%. McDonald’s’s dividend payout ratio (DPR) is 60.10%.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the transaction, the insider now owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Christopher J. Kempczinski sold 11,727 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $300.03, for a total transaction of $3,518,451.81. Following the completion of the sale, the chief executive officer now owns 49,885 shares of the company’s stock, valued at $14,966,996.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.00, for a total transaction of $285,740.00. Following the completion of the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,751 shares of company stock valued at $9,493,973. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays dropped their price objective on McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Truist Financial dropped their target price on McDonald’s from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group increased their target price on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Robert W. Baird increased their target price on McDonald’s from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Wedbush restated an “outperform” rating and set a $295.00 target price on shares of McDonald’s in a research report on Monday, July 29th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $309.15.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.