Fiera Capital Corp Has $28.85 Million Stock Holdings in McDonald’s Co. (NYSE:MCD)

Fiera Capital Corp reduced its stake in shares of McDonald’s Co. (NYSE:MCD) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 113,221 shares of the fast-food giant’s stock after selling 6,317 shares during the period. Fiera Capital Corp’s holdings in McDonald’s were worth $28,853,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. bought a new stake in McDonald’s in the 1st quarter valued at $28,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $38,000. Kings Path Partners LLC acquired a new position in shares of McDonald’s during the second quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of McDonald’s during the fourth quarter worth about $39,000. Finally, Accent Capital Management LLC acquired a new stake in McDonald’s in the 4th quarter valued at approximately $44,000. Institutional investors own 70.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MCD. Morgan Stanley decreased their price target on shares of McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. JPMorgan Chase & Co. decreased their target price on shares of McDonald’s from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. BMO Capital Markets cut their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Truist Financial reduced their price objective on shares of McDonald’s from $300.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Tigress Financial lifted their target price on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $303.89.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at $387,285.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’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 value of $285,740.00. Following the completion of the transaction, the insider now directly owns 13,681 shares of the company’s stock, valued at approximately $3,557,060. The disclosure for this sale can be found here. Insiders have sold 6,291 shares of company stock valued at $1,689,073 over the last ninety days. 0.23% of the stock is owned by corporate insiders.

McDonald’s Stock Down 0.5 %

Shares of McDonald’s stock opened at $285.52 on Wednesday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39. The company has a market capitalization of $204.81 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 3.86 and a beta of 0.71. The firm’s 50-day moving average price is $266.75 and its two-hundred day moving average price is $270.69.

McDonald’s (NYSE:MCD) last posted its quarterly earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (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 firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the business posted $3.17 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts expect that McDonald’s Co. will post 11.67 earnings per share for the current year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.34%. McDonald’s’s dividend payout ratio is currently 56.71%.

McDonald’s Company Profile

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.