Bank Julius Baer & Co. Ltd Zurich Has $40.03 Million Stake in McDonald’s Co. (NYSE:MCD)

Bank Julius Baer & Co. Ltd Zurich increased its stake in McDonald’s Co. (NYSE:MCD) by 0.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 125,793 shares of the fast-food giant’s stock after purchasing an additional 1,099 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in McDonald’s were worth $40,034,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MCD. Mattern Capital Management LLC increased its stake in shares of McDonald’s by 2.0% in the fourth quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after purchasing an additional 579 shares during the period. Bell Bank grew its holdings in McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock valued at $3,681,000 after buying an additional 371 shares during the last quarter. Kennebec Savings Bank bought a new position in McDonald’s in the 3rd quarter worth approximately $1,394,000. YANKCOM Partnership bought a new stake in shares of McDonald’s in the fourth quarter valued at approximately $1,628,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of McDonald’s by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,564,359 shares of the fast-food giant’s stock valued at $1,694,403,000 after acquiring an additional 49,106 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE MCD opened at $321.52 on Friday. The stock’s 50 day simple moving average is $295.69 and its 200 day simple moving average is $296.32. McDonald’s Co. has a one year low of $243.53 and a one year high of $323.17. The firm has a market cap of $229.71 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced 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 negative return on equity of 181.63% and a net margin of 31.73%. As a group, equities analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The business 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. The ex-dividend date is Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.20%. McDonald’s’s payout ratio is 62.16%.

Insider Activity

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $291.10, for a total value of $319,918.90. Following the completion of the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,383,235.70. This trade represents a 11.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,504 shares of company stock valued at $10,206,575 over the last three months. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

MCD has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of McDonald’s from $335.00 to $340.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Bank of America increased their target price on shares of McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Barclays boosted their price target on McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. TD Securities reiterated a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research report on Monday, February 10th. Finally, Morgan Stanley boosted their price objective on McDonald’s from $336.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Company 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.