Osaic Holdings Inc. Grows Holdings in McDonald’s Co. (NYSE:MCD)

Osaic Holdings Inc. lifted its position in shares of McDonald’s Co. (NYSE:MCD) by 469.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,471,671 shares of the fast-food giant’s stock after buying an additional 2,037,371 shares during the quarter. Osaic Holdings Inc. owned approximately 0.34% of McDonald’s worth $129,170,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of McDonald’s by 105,490.7% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 457,071,431 shares of the fast-food giant’s stock worth $136,394,686,000 after purchasing an additional 456,638,560 shares during the period. Moneta Group Investment Advisors LLC increased its stake in McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares during the last quarter. Geode Capital Management LLC lifted its position in McDonald’s by 1.5% during the first quarter. Geode Capital Management LLC now owns 13,909,126 shares of the fast-food giant’s stock worth $3,881,441,000 after buying an additional 206,651 shares during the period. Norges Bank acquired a new stake in McDonald’s in the 4th quarter worth about $2,341,360,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in McDonald’s by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,117,531 shares of the fast-food giant’s stock valued at $1,265,463,000 after buying an additional 108,282 shares during the period. Institutional investors and hedge funds own 67.60% of the company’s stock.

Insiders Place Their Bets

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $285.00, for a total transaction of $285,000.00. Following the sale, the chief marketing officer now directly owns 929 shares of the company’s stock, valued at approximately $264,765. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Heidi B. Capozzi sold 688 shares of McDonald’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $282.54, for a total transaction of $194,387.52. Following the sale, the executive vice president now owns 20,019 shares of the company’s stock, valued at $5,656,168.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $285.00, for a total value of $285,000.00. Following the transaction, the chief marketing officer now directly owns 929 shares in the company, valued at $264,765. The disclosure for this sale can be found here. Insiders have sold a total of 21,443 shares of company stock valued at $5,863,300 in the last quarter. Insiders own 0.27% of the company’s stock.

McDonald’s Stock Up 1.2 %

Shares of MCD opened at $279.03 on Tuesday. McDonald’s Co. has a 52-week low of $245.73 and a 52-week high of $299.35. The firm has a market cap of $202.39 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 2.64 and a beta of 0.70. The business’s 50 day moving average is $264.07 and its two-hundred day moving average is $280.57.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Monday, October 30th. The fast-food giant reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.19. The firm had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.56 billion. McDonald’s had a net margin of 33.31% and a negative return on equity of 157.19%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 EPS. On average, equities analysts expect that McDonald’s Co. will post 11.73 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from McDonald’s’s previous quarterly dividend of $1.52. McDonald’s’s dividend payout ratio (DPR) is currently 58.80%.

Analyst Ratings Changes

Several research firms recently issued reports on MCD. BMO Capital Markets decreased their target price on shares of McDonald’s from $340.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Bank of America lifted their price target on shares of McDonald’s from $319.00 to $343.00 and gave the company a “neutral” rating in a report on Friday, July 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $315.00 target price on shares of McDonald’s in a research report on Tuesday, October 31st. Guggenheim lowered their price target on McDonald’s from $330.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Finally, Stephens cut their price objective on McDonald’s from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, McDonald’s currently has an average rating of “Moderate Buy” and an average target price of $316.66.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. The company's restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.