McDonald’s Co. (NYSE:MCD) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in shares of McDonald’s Co. (NYSE:MCD) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 297,971 shares of the fast-food giant’s stock after acquiring an additional 42,223 shares during the quarter. Fisher Asset Management LLC’s holdings in McDonald’s were worth $86,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC boosted its position in shares of McDonald’s by 2.2% during the fourth quarter. Wiser Advisor Group LLC now owns 4,374 shares of the fast-food giant’s stock worth $1,268,000 after buying an additional 95 shares during the period. SVB Wealth LLC purchased a new position in shares of McDonald’s during the fourth quarter worth $12,254,000. Flputnam Investment Management Co. boosted its position in shares of McDonald’s by 6.5% during the fourth quarter. Flputnam Investment Management Co. now owns 39,286 shares of the fast-food giant’s stock worth $11,389,000 after buying an additional 2,402 shares during the period. Fortress Financial Group LLC purchased a new position in shares of McDonald’s during the fourth quarter worth $201,000. Finally, Mills Wealth Advisors LLC purchased a new position in shares of McDonald’s during the fourth quarter worth $206,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MCD. Barclays raised their price target on McDonald’s from $347.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wedbush raised their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. TD Securities restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird lifted their target price on McDonald’s from $305.00 to $310.00 and gave the company a “neutral” rating in a report on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.61.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the transaction, the insider now owns 13,978 shares in the company, valued at $4,263,290. The trade was a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Tiffanie L. Boyd sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the completion of the transaction, the executive vice president now owns 5,564 shares in the company, valued at $1,720,778.28. This trade represents a 15.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,504 shares of company stock worth $10,206,575. Corporate insiders own 0.23% of the company’s stock.

McDonald’s Price Performance

McDonald’s stock opened at $308.17 on Friday. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $317.90. The stock has a market cap of $220.18 billion, a PE ratio of 27.06, a P/E/G ratio of 3.10 and a beta of 0.74. The stock’s fifty day moving average is $294.06 and its two-hundred day moving average is $295.27.

McDonald’s (NYSE:MCD) last posted its earnings results on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, research analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The company also recently announced 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. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 62.16%.

McDonald’s Profile

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, Spain, and the U.K.