J. Stern & Co. LLP Acquires 1,223 Shares of McDonald's Co. (NYSE:MCD)

J. Stern & Co. LLP grew its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,806 shares of the fast-food giant's stock after acquiring an additional 1,223 shares during the quarter. McDonald's comprises 0.2% of J. Stern & Co. LLP's holdings, making the stock its 27th largest holding. J. Stern & Co. LLP's holdings in McDonald's were worth $2,553,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Boltwood Capital Management raised its holdings in shares of McDonald's by 1.9% during the fourth quarter. Boltwood Capital Management now owns 1,882 shares of the fast-food giant's stock valued at $546,000 after purchasing an additional 35 shares during the last quarter. Pettee Investors Inc. boosted its position in McDonald's by 0.7% in the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after purchasing an additional 35 shares during the last quarter. Covestor Ltd grew its stake in shares of McDonald's by 4.1% during the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after purchasing an additional 35 shares during the period. Modus Advisors LLC increased its position in shares of McDonald's by 0.4% during the 4th quarter. Modus Advisors LLC now owns 9,396 shares of the fast-food giant's stock valued at $2,724,000 after purchasing an additional 36 shares during the last quarter. Finally, Independent Wealth Network Inc. increased its position in shares of McDonald's by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after purchasing an additional 36 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In other news, EVP Tiffanie L. Boyd sold 1,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total value of $309,270.00. Following the sale, the executive vice president now owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. This represents a 15.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $305.00, for a total transaction of $286,395.00. Following the transaction, the insider now directly owns 13,978 shares of the company's stock, valued at approximately $4,263,290. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,136 shares of company stock worth $8,676,247 over the last ninety days. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research reports. TD Securities reaffirmed a "hold" rating and set a $300.00 target price on shares of McDonald's in a report on Monday, February 10th. Morgan Stanley decreased their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Robert W. Baird reduced their price target on McDonald's from $310.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, BMO Capital Markets lifted their price objective on McDonald's from $335.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $322.74.

McDonald's Stock Performance

NYSE:MCD traded down $1.97 during trading hours on Monday, reaching $314.77. The stock had a trading volume of 877,012 shares, compared to its average volume of 3,562,756. The stock has a market capitalization of $224.89 billion, a PE ratio of 27.64, a PEG ratio of 3.10 and a beta of 0.62. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a 50 day moving average price of $308.18 and a two-hundred day moving average price of $299.75.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share for the quarter, hitting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. Equities research analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 annualized dividend and a yield of 2.25%. McDonald's's 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, Spain, and the U.K.