Canada Post Corp Registered Pension Plan Increases Stock Holdings in McDonald’s Corporation $MCD

Canada Post Corp Registered Pension Plan boosted its position in McDonald’s Corporation (NYSE:MCDFree Report) by 45.2% during the 4th quarter, HoldingsChannel reports. The firm owned 21,604 shares of the fast-food giant’s stock after purchasing an additional 6,727 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in McDonald’s were worth $6,603,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its stake in shares of McDonald’s by 1.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 200,679 shares of the fast-food giant’s stock worth $61,334,000 after acquiring an additional 2,708 shares during the last quarter. WealthPlan Investment Management LLC boosted its stake in shares of McDonald’s by 163.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 11,450 shares of the fast-food giant’s stock worth $3,500,000 after acquiring an additional 7,096 shares during the last quarter. Dana Investment Advisors Inc. lifted its position in shares of McDonald’s by 0.9% during the 4th quarter. Dana Investment Advisors Inc. now owns 20,648 shares of the fast-food giant’s stock valued at $6,311,000 after buying an additional 177 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of McDonald’s by 2.0% during the 4th quarter. Center for Financial Planning Inc. now owns 5,377 shares of the fast-food giant’s stock valued at $1,643,000 after buying an additional 107 shares in the last quarter. Finally, Lawood & Co. purchased a new position in shares of McDonald’s during the 4th quarter valued at about $268,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Argus raised McDonald’s from a “hold” rating to a “buy” rating and set a $380.00 price objective on the stock in a research report on Friday, February 13th. Barclays lowered their price objective on McDonald’s from $380.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Mizuho lifted their price objective on McDonald’s from $300.00 to $325.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Weiss Ratings cut McDonald’s from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, April 27th. Finally, Citigroup lifted their target price on shares of McDonald’s from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $334.45.

Get Our Latest Analysis on McDonald’s

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Jonathan Banner sold 6,201 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $333.29, for a total value of $2,066,731.29. Following the sale, the executive vice president owned 2,291 shares in the company, valued at $763,567.39. The trade was a 73.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 333 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $302.72, for a total value of $100,805.76. Following the sale, the insider directly owned 8,067 shares in the company, valued at $2,442,042.24. This trade represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 12,119 shares of company stock worth $3,945,973. Corporate insiders own 0.26% of the company’s stock.

Trending Headlines about McDonald’s

Here are the key news stories impacting McDonald’s this week:

McDonald’s Trading Up 0.5%

NYSE MCD opened at $276.42 on Friday. The stock’s 50 day moving average is $304.30 and its 200 day moving average is $310.02. McDonald’s Corporation has a 12 month low of $271.98 and a 12 month high of $341.75. The stock has a market cap of $196.40 billion, a PE ratio of 22.79, a P/E/G ratio of 2.75 and a beta of 0.43.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.09. The company had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a negative return on equity of 442.10% and a net margin of 31.62%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.67 EPS. On average, analysts forecast that McDonald’s Corporation will post 12.94 EPS for the current fiscal year.

McDonald’s Profile

(Free Report)

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.

Recommended Stories

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 Corporation (NYSE:MCDFree Report).

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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.