McDonald’s Co. (NYSE:MCD) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its position in shares of McDonald’s Co. (NYSE:MCD) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 461,077 shares of the fast-food giant’s stock after selling 10,124 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.06% of McDonald’s worth $136,714,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in MCD. Impact Partnership Wealth LLC lifted its stake in McDonald’s by 479.4% during the third quarter. Impact Partnership Wealth LLC now owns 394 shares of the fast-food giant’s stock worth $104,000 after purchasing an additional 326 shares in the last quarter. Strategic Blueprint LLC raised its stake in shares of McDonald’s by 23.7% in the third quarter. Strategic Blueprint LLC now owns 4,219 shares of the fast-food giant’s stock valued at $1,111,000 after acquiring an additional 808 shares in the last quarter. Capital Asset Advisory Services LLC raised its stake in shares of McDonald’s by 17.1% in the third quarter. Capital Asset Advisory Services LLC now owns 4,999 shares of the fast-food giant’s stock valued at $1,254,000 after acquiring an additional 730 shares in the last quarter. CX Institutional raised its stake in shares of McDonald’s by 1.0% in the third quarter. CX Institutional now owns 8,024 shares of the fast-food giant’s stock valued at $2,114,000 after acquiring an additional 76 shares in the last quarter. Finally, Syntegra Private Wealth Group LLC raised its stake in shares of McDonald’s by 9.0% in the third quarter. Syntegra Private Wealth Group LLC now owns 1,398 shares of the fast-food giant’s stock valued at $368,000 after acquiring an additional 116 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MCD. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. BTIG Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Robert W. Baird restated an “outperform” rating and issued a $315.00 price target on shares of McDonald’s in a research note on Tuesday, February 6th. Morgan Stanley cut their price target on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, UBS Group cut their price target on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has a consensus rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Stock Down 0.4 %

Shares of McDonald’s stock traded down $1.15 during trading on Thursday, hitting $275.60. 4,175,333 shares of the company were exchanged, compared to its average volume of 3,266,706. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39. The stock has a market capitalization of $198.71 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 3.02 and a beta of 0.71. The firm has a 50 day moving average price of $282.38 and a 200 day moving average price of $281.41.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the firm posted $2.59 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts predict that McDonald’s Co. will post 12.34 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.67 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $6.68 annualized dividend and a yield of 2.42%. McDonald’s’s payout ratio is currently 57.74%.

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.