McDonald’s Co. (NYSE:MCD) Shares Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC raised its holdings in McDonald’s Co. (NYSE:MCD) by 225.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,088 shares of the fast-food giant’s stock after acquiring an additional 754 shares during the period. Catalyst Capital Advisors LLC’s holdings in McDonald’s were worth $315,000 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 grew its stake in shares of McDonald’s by 31,151.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after buying an additional 2,311,721 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of McDonald’s by 542.9% during 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 buying an additional 677,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of McDonald’s during the 3rd quarter valued at $121,254,000. Zurich Insurance Group Ltd FI grew its stake in shares of McDonald’s by 3,580.1% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock valued at $81,807,000 after buying an additional 261,350 shares during the period. Finally, Strategic Financial Concepts LLC grew its stake in shares of McDonald’s by 26,948.9% during the 4th 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 period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McDonald’s

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This trade represents a 24.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,906 shares of company stock valued at $5,406,382. Insiders own 0.23% of the company’s stock.

McDonald’s Stock Down 0.5 %

Shares of NYSE:MCD opened at $308.59 on Tuesday. The firm has a fifty day moving average of $291.98 and a two-hundred day moving average of $292.90. The firm has a market capitalization of $221.14 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 4.08 and a beta of 0.74. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. Equities research analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, March 3rd. McDonald’s’s payout ratio is presently 62.16%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Securities reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Monday, February 10th. Citigroup upped their price target on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley upped their price target on shares of McDonald’s from $336.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Cowen reaffirmed a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, Loop Capital reaffirmed a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average target price of $323.61.

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, Spain, and the U.K.