Alpine Bank Wealth Management Makes New Investment in McDonald's Corporation (NYSE:MCD)

Alpine Bank Wealth Management bought a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,730 shares of the fast-food giant's stock, valued at approximately $1,790,000.

Other large investors also recently bought and sold shares of the company. Aviva PLC lifted its holdings in McDonald's by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after buying an additional 23,024 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in 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 worth $5,381,000 after buying an additional 3,212 shares during the last quarter. Segment Wealth Management LLC lifted its holdings in shares of McDonald's by 1.7% in the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock worth $17,078,000 after purchasing an additional 937 shares during the last quarter. Great Waters Wealth Management bought a new stake in shares of McDonald's in the 1st quarter worth approximately $864,000. Finally, APG Asset Management N.V. lifted its holdings in shares of McDonald's by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock worth $179,715,000 after purchasing an additional 602,976 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the topic of several recent research reports. Morgan Stanley reissued an "equal weight" rating and issued a $324.00 price target (down previously from $329.00) on shares of McDonald's in a report on Monday, June 9th. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. TD Securities reissued a "hold" rating and issued a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Finally, Citigroup raised their price target on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $321.79.

McDonald's Stock Performance

Shares of MCD stock opened at $291.50 on Wednesday. McDonald's Corporation has a 1 year low of $243.53 and a 1 year high of $326.32. The stock has a market cap of $208.43 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 3.02 and a beta of 0.56. The business's fifty day moving average is $309.60 and its 200-day moving average is $302.72.

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 the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same period last year, the firm earned $2.70 EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. Equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio is presently 62.49%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares of the company's stock, valued at $3,516,496.27. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 2,817 shares of company stock valued at $865,843 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

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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