McDonald’s Co. (NYSE:MCD) Shares Bought by Mystic Asset Management Inc.

Mystic Asset Management Inc. grew its holdings in McDonald’s Co. (NYSE:MCD) by 218.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,858 shares of the fast-food giant’s stock after purchasing an additional 10,196 shares during the quarter. McDonald’s makes up approximately 1.2% of Mystic Asset Management Inc.’s portfolio, making the stock its 18th largest holding. Mystic Asset Management Inc.’s holdings in McDonald’s were worth $4,307,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in McDonald’s during the 4th quarter valued at $703,074,000. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of McDonald’s by 542.9% in the third 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 acquiring an additional 677,139 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of McDonald’s by 43,591.6% during the fourth quarter. Proficio Capital Partners LLC now owns 590,711 shares of the fast-food giant’s stock valued at $171,241,000 after acquiring an additional 589,359 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of McDonald’s during the third quarter valued at $121,254,000. Finally, Commerzbank Aktiengesellschaft FI increased its position in McDonald’s by 518.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 348,119 shares of the fast-food giant’s stock worth $100,916,000 after purchasing an additional 291,802 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Up 1.4 %

NYSE:MCD opened at $304.01 on Tuesday. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The firm has a market capitalization of $217.20 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.10 and a beta of 0.71. The firm’s fifty day simple moving average is $297.20 and its 200 day simple moving average is $297.02.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting analysts’ consensus estimates of $2.83. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. On average, analysts predict that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald’s’s dividend payout ratio (DPR) is 62.16%.

Analyst Ratings Changes

A number of research analysts have issued reports on MCD shares. Barclays upped their target price on shares of McDonald’s from $347.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 10th. TD Securities restated a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research report on Monday, February 10th. Citigroup lifted their target price on shares of McDonald’s from $336.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wedbush increased their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Bank of America lifted their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.39.

Insider Activity

In other McDonald’s news, EVP Tiffanie L. Boyd sold 1,000 shares of McDonald’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 5,564 shares in the company, valued at $1,720,778.28. The trade was a 15.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total value of $3,255,525.00. Following the completion of the transaction, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % 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 worth $10,206,575 over the last 90 days. Company insiders own 0.23% of the company’s stock.

McDonald’s 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.