J. Safra Sarasin Holding AG Has $58.56 Million Holdings in McDonald's Co. (NYSE:MCD)

J. Safra Sarasin Holding AG raised its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202,013 shares of the fast-food giant's stock after purchasing an additional 1,481 shares during the period. J. Safra Sarasin Holding AG's holdings in McDonald's were worth $58,562,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in McDonald's by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after purchasing an additional 526,466 shares during the period. Geode Capital Management LLC increased its stake in McDonald's by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after buying an additional 157,458 shares during the period. Capital Research Global Investors boosted its position in McDonald's by 5.2% in the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after buying an additional 531,070 shares during the last quarter. Norges Bank acquired a new stake in shares of McDonald's during the fourth quarter valued at about $2,725,190,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of McDonald's by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 5,803,833 shares of the fast-food giant's stock worth $1,682,473,000 after acquiring an additional 52,195 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. KeyCorp increased their target price on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. BMO Capital Markets increased their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Barclays cut their price objective on McDonald's from $350.00 to $347.00 and set an "overweight" rating on the stock in a research note on Tuesday. TD Securities reiterated a "hold" rating and issued a $300.00 target price on shares of McDonald's in a research report on Monday, February 10th. Finally, Bank of America raised their price target on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $322.74.

McDonald's Stock Down 0.2 %

Shares of NYSE:MCD traded down $0.50 during trading on Wednesday, reaching $318.58. 3,209,437 shares of the company traded hands, compared to its average volume of 3,587,537. The firm has a fifty day simple moving average of $307.59 and a 200 day simple moving average of $299.47. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market cap of $227.61 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share 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%. As a group, research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. McDonald's's dividend payout ratio is 62.16%.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 300 shares of the firm's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the sale, the insider now directly owns 7,887 shares in the company, valued at $2,214,275.25. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 3,200 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total value of $962,432.00. Following the completion of the transaction, the chief marketing officer now directly owns 9,858 shares of the company's stock, valued at approximately $2,964,892.08. This trade represents a 24.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,436 shares of company stock worth $8,760,472 in the last quarter. 0.23% of the stock is currently owned by company insiders.

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.