McDonald’s Co. (NYSE:MCD) Holdings Lifted by Dover Advisors LLC

Dover Advisors LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 9.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,759 shares of the fast-food giant’s stock after buying an additional 309 shares during the quarter. Dover Advisors LLC’s holdings in McDonald’s were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MCD. Brighton Jones LLC grew its stake in McDonald’s by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in McDonald’s in the fourth quarter valued at about $64,805,000. Revolve Wealth Partners LLC grew its stake in McDonald’s by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after purchasing an additional 52 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in McDonald’s by 33.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 188,016 shares of the fast-food giant’s stock valued at $54,997,000 after purchasing an additional 47,209 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in McDonald’s by 3.4% in the fourth quarter. Fiera Capital Corp now owns 115,096 shares of the fast-food giant’s stock valued at $33,365,000 after purchasing an additional 3,748 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This represents a 7.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MCD. Morgan Stanley restated an “equal weight” rating and issued a $324.00 target price (down previously from $329.00) on shares of McDonald’s in a research note on Monday, June 9th. KeyCorp boosted their price target on McDonald’s from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research report on Monday, May 5th. TD Securities reaffirmed a “hold” rating and issued a $305.00 price target on shares of McDonald’s in a research report on Thursday, June 5th. Finally, Citigroup boosted their price target on McDonald’s from $353.00 to $364.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $321.79.

McDonald’s Stock Down 0.5%

Shares of MCD opened at $301.57 on Friday. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market capitalization of $215.63 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. The stock’s 50-day moving average price is $311.95 and its 200 day moving average price is $302.92.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.70 earnings per share. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts expect 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 will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.35%. McDonald’s’s dividend payout ratio is 62.49%.

McDonald’s Company 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.