Atria Investments Inc Buys 2,022 Shares of McDonald's Corporation (NYSE:MCD)

Atria Investments Inc lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,192 shares of the fast-food giant's stock after acquiring an additional 2,022 shares during the period. Atria Investments Inc's holdings in McDonald's were worth $20,364,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MCD. Norges Bank acquired a new stake in McDonald's during the 4th quarter worth approximately $2,725,190,000. GAMMA Investing LLC raised its holdings in McDonald's by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after buying an additional 3,488,982 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in McDonald's during the 4th quarter worth approximately $350,935,000. Northern Trust Corp raised its holdings in McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after buying an additional 895,896 shares during the period. Finally, Franklin Resources Inc. raised its holdings in McDonald's by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after buying an additional 794,536 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MCD. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and lowered their price objective for the company from $346.00 to $315.00 in a report on Friday, June 6th. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Robert W. Baird boosted their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $322.00.

McDonald's Price Performance

MCD traded up $3.77 on Friday, hitting $298.25. 3,400,107 shares of the stock were exchanged, compared to its average volume of 3,682,701. McDonald's Corporation has a 12 month low of $250.23 and a 12 month high of $326.32. The business has a 50-day moving average of $301.00 and a two-hundred day moving average of $302.91. The firm has a market capitalization of $213.26 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.08 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share 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 during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter in the prior year, the business posted $2.70 earnings per share. McDonald's's revenue was down 3.5% compared to the same quarter last year. Equities research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.37%. McDonald's's dividend payout ratio is 62.49%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock valued at $1,147,992 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

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.