Conning Inc. Has $37.26 Million Position in McDonald’s Co. (NYSE:MCD)

Conning Inc. cut its holdings in McDonald’s Co. (NYSE:MCD) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 128,531 shares of the fast-food giant’s stock after selling 3,966 shares during the quarter. McDonald’s comprises 1.3% of Conning Inc.’s holdings, making the stock its 11th biggest position. Conning Inc.’s holdings in McDonald’s were worth $37,260,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Joel Isaacson & Co. LLC increased its position in shares of McDonald’s by 6.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 9,562 shares of the fast-food giant’s stock worth $2,772,000 after acquiring an additional 572 shares in the last quarter. Shepherd Financial Partners LLC boosted its stake in McDonald’s by 0.6% in the 4th quarter. Shepherd Financial Partners LLC now owns 8,994 shares of the fast-food giant’s stock worth $2,607,000 after purchasing an additional 51 shares during the period. BLB&B Advisors LLC increased its holdings in McDonald’s by 0.8% during the 4th quarter. BLB&B Advisors LLC now owns 37,752 shares of the fast-food giant’s stock worth $10,944,000 after purchasing an additional 296 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of McDonald’s in the 4th quarter valued at about $714,000. Finally, Global X Japan Co. Ltd. lifted its holdings in shares of McDonald’s by 3.6% in the fourth quarter. Global X Japan Co. Ltd. now owns 1,725 shares of the fast-food giant’s stock valued at $500,000 after purchasing an additional 60 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

McDonald’s Stock Performance

NYSE MCD opened at $294.39 on Friday. The stock has a market cap of $210.97 billion, a PE ratio of 25.85, a P/E/G ratio of 3.83 and a beta of 0.74. The firm has a 50-day moving average of $290.73 and a 200-day moving average of $290.40. McDonald’s Co. has a 52-week low of $243.53 and a 52-week high of $317.90.

McDonald’s Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MCD shares. Baird R W lowered McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Robert W. Baird lowered shares of McDonald’s from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $320.00 to $290.00 in a research report on Wednesday, October 23rd. Guggenheim cut shares of McDonald’s from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $290.00 to $285.00 in a report on Wednesday, October 23rd. Evercore ISI lifted their price target on shares of McDonald’s from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets increased their price objective on shares of McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $318.86.

Insider Transactions at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total value of $436,134.05. Following the completion of the sale, the executive vice president now owns 1,560 shares in the company, valued at $453,882. The trade was a 49.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock worth $2,150,857 over the last quarter. Company insiders own 0.23% of the company’s stock.

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.