Fishman Jay A Ltd. MI Buys 43 Shares of McDonald’s Co. (NYSE:MCD)

Fishman Jay A Ltd. MI increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,953 shares of the fast-food giant’s stock after buying an additional 43 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in McDonald’s were worth $2,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Exchange Traded Concepts LLC increased its holdings in McDonald’s by 1.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,513 shares of the fast-food giant’s stock valued at $765,000 after purchasing an additional 42 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in McDonald’s during the 3rd quarter valued at $1,472,000. VitalStone Financial LLC increased its holdings in McDonald’s by 148.8% during the 3rd quarter. VitalStone Financial LLC now owns 311 shares of the fast-food giant’s stock valued at $95,000 after purchasing an additional 186 shares in the last quarter. CX Institutional increased its holdings in McDonald’s by 65.8% during the 3rd quarter. CX Institutional now owns 27,040 shares of the fast-food giant’s stock valued at $8,234,000 after purchasing an additional 10,733 shares in the last quarter. Finally, Creative Planning increased its stake in shares of McDonald’s by 1.4% in the 3rd quarter. Creative Planning now owns 329,417 shares of the fast-food giant’s stock valued at $100,311,000 after buying an additional 4,480 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MCD. KeyCorp lifted their target price on McDonald’s from $320.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen reissued a “hold” rating and issued a $300.00 target price on shares of McDonald’s in a research note on Tuesday, October 29th. Wells Fargo & Company lifted their target price on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Barclays lifted their target price on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Baird R W cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Trading Up 0.6 %

MCD stock opened at $310.16 on Wednesday. The business’s 50-day moving average price is $291.02 and its two-hundred day moving average price is $291.56. The firm has a market cap of $222.27 billion, a PE ratio of 27.23, a P/E/G ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 1-year low of $243.53 and a 1-year 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 EPS for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. On average, analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.28%. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now directly owns 7,887 shares in the company, valued at approximately $2,214,275.25. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock worth $2,150,857 over the last three months. Corporate insiders own 0.23% of the company’s stock.

About McDonald’s

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, Russia, Spain, and the U.K.