Flossbach Von Storch AG Grows Stock Holdings in McDonald’s Co. (NYSE:MCD)

Flossbach Von Storch AG boosted its holdings in McDonald’s Co. (NYSE:MCD) by 52.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,951 shares of the fast-food giant’s stock after buying an additional 66,190 shares during the period. Flossbach Von Storch AG’s holdings in McDonald’s were worth $56,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of McDonald’s by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after purchasing an additional 262,147 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of McDonald’s by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock worth $5,069,234,000 after acquiring an additional 19,217,818 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of McDonald’s by 1.7% during the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after acquiring an additional 151,161 shares during the last quarter. Norges Bank bought a new stake in shares of McDonald’s during the 4th quarter worth $2,341,360,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of McDonald’s by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock worth $1,401,570,000 after acquiring an additional 237,532 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

McDonald’s Stock Performance

Shares of NYSE MCD traded up $4.52 during midday trading on Wednesday, hitting $269.95. 3,244,022 shares of the company traded hands, compared to its average volume of 3,246,766. McDonald’s Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The stock has a 50-day moving average price of $283.86 and a 200 day moving average price of $280.69. The firm has a market cap of $194.64 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.88 and a beta of 0.71.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.59 earnings per share. As a group, equities analysts expect that McDonald’s Co. will post 12.35 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 57.74%.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research analyst reports. Citigroup dropped their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday. Bank of America lifted their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. UBS Group lowered their price target on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Evercore ISI reissued an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research note on Wednesday, March 27th. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $319.72.

McDonald’s Company Profile

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.