Aljian Capital Management LLC Has $1.88 Million Holdings in McDonald’s Co. (NYSE:MCD)

Aljian Capital Management LLC grew its holdings in McDonald’s Co. (NYSE:MCD) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,483 shares of the fast-food giant’s stock after buying an additional 43 shares during the period. McDonald’s accounts for about 0.4% of Aljian Capital Management LLC’s portfolio, making the stock its 29th biggest holding. Aljian Capital Management LLC’s holdings in McDonald’s were worth $1,879,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Pathway Financial Advisers LLC increased its holdings in shares of McDonald’s by 0.5% in the fourth quarter. Pathway Financial Advisers LLC now owns 11,951 shares of the fast-food giant’s stock valued at $3,464,000 after purchasing an additional 62 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of McDonald’s by 13.5% during the 4th quarter. Avestar Capital LLC now owns 4,461 shares of the fast-food giant’s stock worth $1,293,000 after buying an additional 531 shares during the period. MGB Wealth Management LLC boosted its holdings in shares of McDonald’s by 1.8% during the 4th quarter. MGB Wealth Management LLC now owns 3,843 shares of the fast-food giant’s stock worth $1,113,000 after buying an additional 69 shares during the period. Hemington Wealth Management grew its stake in McDonald’s by 5.5% in the 4th quarter. Hemington Wealth Management now owns 1,021 shares of the fast-food giant’s stock valued at $295,000 after buying an additional 53 shares during the last quarter. Finally, Stanley Laman Group Ltd. raised its holdings in McDonald’s by 24.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 1,722 shares of the fast-food giant’s stock valued at $499,000 after acquiring an additional 339 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MCD has been the subject of a number of research analyst reports. Robert W. Baird boosted their price objective on McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley boosted their price target on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday. KeyCorp increased their price objective on McDonald’s from $320.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday. Loop Capital reissued a “buy” rating and set a $342.00 target price on shares of McDonald’s in a report on Friday, January 3rd. Finally, TD Cowen restated a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Ten investment 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, the stock has an average rating of “Moderate Buy” and an average target price of $323.61.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $453,882. The trade was a 49.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 300 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total transaction of $84,225.00. Following the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at $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 valued at $2,150,857 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 0.9 %

MCD opened at $307.47 on Thursday. The company has a market cap of $220.34 billion, a P/E ratio of 26.99, a PEG ratio of 4.08 and a beta of 0.74. The company’s 50 day moving average is $291.58 and its 200-day moving average is $292.08. 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 earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. On average, equities analysts forecast that McDonald’s Co. will post 11.73 EPS for the current year.

McDonald’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 dividend on an annualized basis and a yield of 2.30%. McDonald’s’s dividend payout ratio is currently 62.16%.

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.