Financial Perspectives Inc Raises Holdings in McDonald’s Co. (NYSE:MCD)

Financial Perspectives Inc increased its position in McDonald’s Co. (NYSE:MCD) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 986 shares of the fast-food giant’s stock after buying an additional 40 shares during the period. Financial Perspectives Inc’s holdings in McDonald’s were worth $286,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MCD. International Assets Investment Management LLC raised its position in shares of McDonald’s by 31,151.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after buying an additional 2,311,721 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in McDonald’s by 542.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after purchasing an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in McDonald’s in the third quarter valued at about $121,254,000. Zurich Insurance Group Ltd FI raised its position in McDonald’s by 3,580.1% in the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after purchasing an additional 261,350 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in McDonald’s by 26,948.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock valued at $66,023,000 after purchasing an additional 226,910 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MCD shares. JPMorgan Chase & Co. lifted their target price on McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. TD Cowen reaffirmed a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Tuesday, October 29th. Morgan Stanley lifted their target price on McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.61.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the transaction, the insider now owns 9,286 shares in the company, valued at $2,716,155. The trade was a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the business’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 transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,906 shares of company stock valued at $5,406,382 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Stock Down 1.2 %

Shares of MCD opened at $304.85 on Wednesday. The stock has a market capitalization of $218.46 billion, a P/E ratio of 26.76, a PEG ratio of 3.16 and a beta of 0.74. The firm has a fifty day simple moving average of $292.20 and a two-hundred day simple moving average of $293.38. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results 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 31.73% and a negative return on equity of 181.63%. Sell-side analysts expect that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is 62.16%.

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.