Joel Isaacson & Co. LLC Increases Position in McDonald’s Co. (NYSE:MCD)

Joel Isaacson & Co. LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,562 shares of the fast-food giant’s stock after purchasing an additional 572 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in McDonald’s were worth $2,772,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in shares of McDonald’s by 31,151.1% in the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock worth $706,202,000 after acquiring an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in McDonald’s by 542.9% in the 3rd 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 in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in McDonald’s during the 3rd quarter worth $121,254,000. Zurich Insurance Group Ltd FI grew its holdings in shares of McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after buying an additional 261,350 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its position in shares of 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 buying an additional 226,910 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.0 %

MCD stock opened at $294.39 on Friday. The business’s fifty day moving average price is $290.73 and its 200 day moving average price is $290.40. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90. The company has a market capitalization of $210.97 billion, a PE ratio of 25.85, a P/E/G ratio of 3.83 and a beta of 0.74.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.40%. McDonald’s’s dividend payout ratio is presently 62.16%.

Analysts Set New Price Targets

MCD has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Wednesday, October 23rd. Guggenheim lowered McDonald’s from a “buy” rating to a “neutral” rating and dropped their price target for the company from $290.00 to $285.00 in a research report on Wednesday, October 23rd. KeyCorp reduced their price objective on McDonald’s from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Bank of America upped their target price on McDonald’s from $321.00 to $324.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a report 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $318.86.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $290.15, for a total transaction 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. This represents 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 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at approximately $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is currently owned by company insiders.

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.