12,925 Shares in McDonald's Co. (NYSE:MCD) Acquired by Inscription Capital LLC

Inscription Capital LLC bought a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,925 shares of the fast-food giant's stock, valued at approximately $4,037,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Granite Bay Wealth Management LLC increased its stake in McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares in the last quarter. Northeast Financial Consultants Inc increased its position in shares of McDonald's by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after purchasing an additional 34 shares during the last quarter. Tealwood Asset Management Inc. raised its holdings in shares of McDonald's by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after buying an additional 34 shares in the last quarter. Finally, Stockman Wealth Management Inc. lifted its position in McDonald's by 1.8% in the 1st quarter. Stockman Wealth Management Inc. now owns 1,964 shares of the fast-food giant's stock worth $613,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of several research reports. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. TD Securities reiterated a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Redburn Atlantic restated a "sell" rating and set a $260.00 price target (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $321.79.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by corporate insiders.

McDonald's Trading Down 1.9%

Shares of MCD stock opened at $296.18 on Tuesday. The company's fifty day moving average price is $311.89 and its 200-day moving average price is $303.03. The stock has a market cap of $211.78 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) 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 analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald's's revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $2.70 EPS. On average, sell-side analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.39%. McDonald's's payout ratio is currently 62.49%.

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.

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