Zurich Insurance Group Ltd FI boosted its stake in McDonald's Co. (NYSE:MCD) by 21.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 135,024 shares of the fast-food giant’s stock after buying an additional 23,547 shares during the period. Zurich Insurance Group Ltd FI’s holdings in McDonald's Co. were worth $16,435,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of MCD. State Street Corp boosted its position in shares of McDonald's Co. by 3.0% in the fourth quarter. State Street Corp now owns 42,656,610 shares of the fast-food giant’s stock valued at $5,192,172,000 after buying an additional 1,256,718 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of McDonald's Co. by 1.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 23,925,310 shares of the fast-food giant’s stock valued at $2,760,024,000 after buying an additional 260,354 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of McDonald's Co. by 2.2% in the third quarter. BlackRock Fund Advisors now owns 17,132,558 shares of the fast-food giant’s stock valued at $1,976,412,000 after buying an additional 369,396 shares in the last quarter. BlackRock Group LTD boosted its position in shares of McDonald's Co. by 1.2% in the third quarter. BlackRock Group LTD now owns 8,142,077 shares of the fast-food giant’s stock valued at $939,270,000 after buying an additional 94,940 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of McDonald's Co. by 18.6% in the fourth quarter. Federated Investors Inc. PA now owns 6,851,062 shares of the fast-food giant’s stock valued at $833,912,000 after buying an additional 1,073,723 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.
McDonald's Co. (NYSE:MCD) traded up 0.11% during mid-day trading on Friday, hitting $133.41. The stock had a trading volume of 3,466,098 shares. McDonald's Co. has a 1-year low of $110.33 and a 1-year high of $133.88. The company has a market cap of $109.26 billion, a P/E ratio of 24.52 and a beta of 0.69. The company has a 50-day moving average price of $129.58 and a 200 day moving average price of $122.38.
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MCD has been the subject of a number of analyst reports. Barclays PLC set a $139.00 price target on McDonald's Co. and gave the stock a “buy” rating in a report on Friday, January 6th. Vetr cut McDonald's Co. from a “hold” rating to a “sell” rating and set a $116.22 price target for the company. in a report on Monday, January 9th. Stifel Nicolaus set a $120.00 price objective on McDonald's Co. and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Instinet lowered their price objective on McDonald's Co. from $139.00 to $137.00 and set a “buy” rating for the company in a research report on Wednesday, January 4th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $128.00 price objective on shares of McDonald's Co. in a research report on Friday, December 23rd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $132.07.
In other news, Director John J. Mulligan acquired 1,600 shares of the stock in a transaction dated Wednesday, March 22nd. The shares were bought at an average cost of $128.94 per share, for a total transaction of $206,304.00. Following the purchase, the director now directly owns 1,600 shares of the company’s stock, valued at $206,304. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.28% of the company’s stock.
McDonald's Co. Company Profile
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.
