Columbia Advisory Partners LLC Acquires New Stake in McDonald's Co. (NYSE:MCD)

Columbia Advisory Partners LLC acquired a new position in shares of McDonald's Co. (NYSE:MCD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 876 shares of the fast-food giant's stock, valued at approximately $274,000.

A number of other hedge funds have also bought and sold shares of MCD. Redhawk Wealth Advisors Inc. boosted its holdings in shares of McDonald's by 21.7% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 2,390 shares of the fast-food giant's stock worth $747,000 after buying an additional 426 shares in the last quarter. Franklin Street Advisors Inc. NC increased its stake in McDonald's by 7.3% in the first quarter. Franklin Street Advisors Inc. NC now owns 16,985 shares of the fast-food giant's stock valued at $5,306,000 after purchasing an additional 1,161 shares in the last quarter. Trueblood Wealth Management LLC raised its holdings in shares of McDonald's by 1.9% during the first quarter. Trueblood Wealth Management LLC now owns 5,297 shares of the fast-food giant's stock valued at $1,655,000 after purchasing an additional 101 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of McDonald's by 68.8% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 21,812 shares of the fast-food giant's stock worth $6,813,000 after purchasing an additional 8,891 shares in the last quarter. Finally, Sonora Investment Management Group LLC boosted its position in shares of McDonald's by 6.4% during the 1st quarter. Sonora Investment Management Group LLC now owns 48,785 shares of the fast-food giant's stock worth $15,239,000 after purchasing an additional 2,924 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.

McDonald's Stock Performance

NYSE MCD traded down $0.50 during trading on Thursday, hitting $301.22. 1,017,227 shares of the company's stock traded hands, compared to its average volume of 3,483,211. The stock has a market capitalization of $215.38 billion, a price-to-earnings ratio of 26.45, a PEG 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. The business has a 50 day moving average of $311.84 and a 200-day moving average of $302.83.

McDonald's (NYSE:MCD - Get Free Report) last posted 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. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.70 earnings per share. On average, analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's payout ratio is currently 62.49%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MCD shares. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and dropped their price target for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. BTIG Research restated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Citigroup boosted their target price on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $321.79.

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.