Sun Sep 15 15:55:10 UTC 2024: ## McDonald’s Stock Activity: Institutional Investors Make Moves

**New York, NY** – Zions Bancorporation N.A. reduced its holdings in McDonald’s Co. (MCD) by 38% during the second quarter, according to the bank’s recent 13F filing. The move follows a trend of mixed activity from institutional investors in the fast-food giant.

While Zions trimmed its stake, other investors like Aigen Investment Management LP and Hantz Financial Services Inc. acquired new positions in McDonald’s during the quarter. Meanwhile, California State Teachers Retirement System and Keystone Financial Group increased their holdings in the company.

The stock currently trades at $296.53, with a market capitalization of $213.70 billion. McDonald’s recently announced a quarterly dividend of $1.67 per share, representing a yield of 2.25%.

Analysts remain divided on the company’s future. Stifel Nicolaus downgraded McDonald’s to a “hold” rating, while Tigress Financial upgraded it to a “buy” with a target price of $360. Overall, MarketBeat reports an average rating of “Moderate Buy” with an average target price of $305.37.

Recent insider trades have also added to the buzz around McDonald’s stock. EVP Marion K. Gross sold 1,498 shares, while insider Joseph M. Erlinger sold 1,099 shares. This activity may be worth monitoring, as insiders often have valuable insights into the company’s future prospects.

Despite the mixed signals from investors and analysts, McDonald’s remains a dominant player in the fast-food industry. The company’s performance will likely depend on factors such as consumer spending, competition, and global economic conditions.

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