Atwater Malick LLC Buys 932 Shares of McDonald's Co. (NYSE:MCD)

Atwater Malick LLC lifted its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,181 shares of the fast-food giant's stock after buying an additional 932 shares during the quarter. McDonald's makes up about 4.1% of Atwater Malick LLC's portfolio, making the stock its 8th biggest position. Atwater Malick LLC's holdings in McDonald's were worth $12,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in McDonald's in the fourth quarter worth approximately $2,725,190,000. GAMMA Investing LLC grew its stake in McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares in the last quarter. Raymond James Financial Inc. bought a new position in McDonald's in the fourth quarter worth approximately $703,074,000. Castlekeep Investment Advisors LLC bought a new position in McDonald's in the fourth quarter worth approximately $350,935,000. Finally, Northern Trust Corp grew its stake in McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Trading Down 0.5%

Shares of NYSE MCD traded down $1.54 during trading on Friday, reaching $307.44. 2,621,006 shares of the company traded hands, compared to its average volume of 3,492,630. The firm's fifty day simple moving average is $312.41 and its 200 day simple moving average is $302.46. The stock has a market cap of $219.83 billion, a P/E ratio of 26.99, 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.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting 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 negative return on equity of 181.63% and a net margin of 31.73%. McDonald's's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.70 EPS. As a group, research analysts expect that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. McDonald's's payout ratio is 62.49%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MCD. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Morgan Stanley dropped their target price on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Truist Financial set a $350.00 target price on McDonald's in a research report on Friday, May 2nd. Bank of America increased their target price on McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Finally, Barclays increased their target price on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Thirteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average price target of $324.96.

About McDonald's

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.