Rockefeller Financial Services Inc. boosted its holdings in McDonald's Co. (NYSE:MCD) by 243.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 69,071 shares of the fast-food giant’s stock after buying an additional 48,965 shares during the period. Rockefeller Financial Services Inc.’s holdings in McDonald's were worth $11,889,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Acrospire Investment Management LLC acquired a new stake in shares of McDonald's during the second quarter worth approximately $153,000. Beach Investment Management LLC. acquired a new stake in shares of McDonald's during the second quarter worth approximately $296,000. AlphaMark Advisors LLC grew its position in shares of McDonald's by 0.4% during the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after buying an additional 5 shares in the last quarter. ARGI Investment Services LLC grew its position in shares of McDonald's by 4.9% during the second quarter. ARGI Investment Services LLC now owns 6,046 shares of the fast-food giant’s stock worth $918,000 after buying an additional 282 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of McDonald's by 34.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 12,829 shares of the fast-food giant’s stock worth $1,965,000 after buying an additional 3,290 shares in the last quarter. Hedge funds and other institutional investors own 68.51% of the company’s stock.
McDonald's stock opened at $158.66 on Thursday. The firm has a market capitalization of $126,627.09, a PE ratio of 23.90, a P/E/G ratio of 2.40 and a beta of 0.65. McDonald's Co. has a 12 month low of $128.41 and a 12 month high of $178.70. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.55%. McDonald's’s dividend payout ratio is currently 63.52%.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
A number of research firms have recently weighed in on MCD. Bank of America set a $200.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Monday, January 29th. Nomura reaffirmed a “buy” rating and issued a $198.00 price objective (up previously from $190.00) on shares of McDonald's in a report on Tuesday, January 23rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $191.00 price objective (up previously from $185.00) on shares of McDonald's in a report on Tuesday, January 23rd. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a report on Thursday, January 18th. Finally, Goldman Sachs set a $200.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a report on Friday, January 19th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $183.02.
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McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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