Achmea Investment Management B.V. Purchases 6,251 Shares of McDonald's Corporation (NYSE:MCD)

Achmea Investment Management B.V. boosted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 83.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 13,780 shares of the fast-food giant's stock after purchasing an additional 6,251 shares during the period. Achmea Investment Management B.V.'s holdings in McDonald's were worth $4,305,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Aviva PLC grew its position in McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after purchasing an additional 23,024 shares in the last quarter. Segment Wealth Management LLC grew its position in shares of McDonald's by 1.7% during the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after acquiring an additional 937 shares during the period. Sagespring Wealth Partners LLC grew its position in shares of McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after acquiring an additional 3,212 shares during the period. Great Waters Wealth Management bought a new position in shares of McDonald's during the 1st quarter valued at approximately $864,000. Finally, Blue Trust Inc. grew its position in shares of McDonald's by 13.0% during the 1st quarter. Blue Trust Inc. now owns 15,449 shares of the fast-food giant's stock valued at $4,826,000 after acquiring an additional 1,775 shares during the period. 70.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MCD. Robert W. Baird increased their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. BMO Capital Markets reissued an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Citigroup increased their target price on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $324.00 target price (down from $329.00) on shares of McDonald's in a research report on Monday, June 9th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $321.79.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction 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 transaction, the insider now owns 12,100 shares of the company's stock, valued at $3,853,850. This represents a 7.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 2,817 shares of company stock valued at $865,843 in the last quarter. Insiders own 0.25% of the company's stock.

McDonald's Price Performance

NYSE MCD opened at $291.94 on Friday. McDonald's Corporation has a 1 year low of $243.53 and a 1 year high of $326.32. The stock has a market capitalization of $208.74 billion, a PE ratio of 25.77, a P/E/G ratio of 3.04 and a beta of 0.56. The company's 50 day simple moving average is $308.26 and its two-hundred day simple moving average is $302.47.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the prior year, the company posted $2.70 EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's 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.

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