Epoch Investment Partners Inc. Has $59.63 Million Stock Holdings in McDonald's Co. (NYSE:MCD)

Epoch Investment Partners Inc. trimmed its position in McDonald's Co. (NYSE:MCD - Free Report) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,682 shares of the fast-food giant's stock after selling 19,781 shares during the quarter. Epoch Investment Partners Inc.'s holdings in McDonald's were worth $59,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atala Financial Inc acquired a new stake in shares of McDonald's during the 4th quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's during the fourth quarter worth $27,000. Collier Financial acquired a new position in McDonald's during the 4th quarter worth about $29,000. Fairway Wealth LLC increased its position in McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of McDonald's in the fourth quarter worth about $30,000. 70.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Bank of America upped their price target on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Wedbush boosted their price objective on McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Truist Financial lowered their price target on shares of McDonald's from $342.00 to $340.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, Robert W. Baird reduced their price objective on shares of McDonald's from $310.00 to $300.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Nine investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $322.74.

McDonald's Price Performance

NYSE:MCD traded down $2.94 on Thursday, hitting $315.54. 880,200 shares of the company's stock were exchanged, compared to its average volume of 3,576,962. The firm has a 50-day moving average price of $307.79 and a 200-day moving average price of $299.60. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market cap of $225.44 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Monday, February 10th. The fast-food giant reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. On average, research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.08 dividend on an annualized basis and a yield of 2.24%. McDonald's's dividend payout ratio (DPR) is 62.16%.

Insider Buying and Selling at McDonald's

In other McDonald's news, CEO Christopher J. Kempczinski sold 10,500 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the transaction, the chief executive officer now owns 32,756 shares in the company, valued at $10,155,997.80. This represents a 24.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $305.00, for a total value of $286,395.00. Following the transaction, the insider now owns 13,978 shares in the company, valued at approximately $4,263,290. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,136 shares of company stock worth $8,676,247 over the last ninety days. Insiders own 0.23% of the company's stock.

About McDonald's

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.