Factory Mutual Insurance Co. Boosts Holdings in McDonald’s Co. (NYSE:MCD)

Factory Mutual Insurance Co. raised its stake in McDonald’s Co. (NYSE:MCDFree Report) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,500 shares of the fast-food giant’s stock after buying an additional 20,500 shares during the period. Factory Mutual Insurance Co.’s holdings in McDonald’s were worth $43,142,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MCD. Shulman DeMeo Asset Management LLC lifted its position in McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after acquiring an additional 114 shares during the period. Beaumont Financial Advisors LLC lifted its position in McDonald’s by 0.6% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock valued at $21,191,000 after acquiring an additional 450 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its position in McDonald’s by 2.8% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after acquiring an additional 301 shares during the period. Mengis Capital Management Inc. lifted its position in McDonald’s by 7.9% during the 3rd quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock valued at $1,191,000 after acquiring an additional 331 shares during the period. Finally, Garden State Investment Advisory Services LLC lifted its position in McDonald’s by 7.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock valued at $323,000 after acquiring an additional 88 shares during the period. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MCD. Robert W. Baird restated an “outperform” rating and set a $315.00 price objective on shares of McDonald’s in a research note on Tuesday, February 6th. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Royal Bank of Canada reduced their price objective on shares of McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, Evercore ISI restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.60.

View Our Latest Research Report on MCD

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

McDonald’s Price Performance

Shares of MCD traded down $0.43 during midday trading on Wednesday, hitting $277.31. The stock had a trading volume of 515,784 shares, compared to its average volume of 3,130,074. The firm has a market cap of $200.23 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. McDonald’s Co. has a 1 year low of $245.73 and a 1 year high of $302.39. The stock’s 50 day moving average is $289.21 and its 200 day moving average is $280.91.

McDonald’s (NYSE:MCDGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the firm posted $2.59 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that McDonald’s Co. will post 12.38 earnings per share for the current fiscal year.

McDonald’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

About McDonald’s

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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