Beese Fulmer Investment Management Inc. Increases Stake in McDonald's Co. (NYSE:MCD)

Beese Fulmer Investment Management Inc. raised its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,346 shares of the fast-food giant's stock after purchasing an additional 935 shares during the period. McDonald's accounts for approximately 1.4% of Beese Fulmer Investment Management Inc.'s portfolio, making the stock its 24th largest holding. Beese Fulmer Investment Management Inc.'s holdings in McDonald's were worth $16,351,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MCD. Mattern Capital Management LLC raised its holdings in shares of McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after buying an additional 579 shares in the last quarter. Bell Bank lifted its holdings in shares of McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after acquiring an additional 371 shares during the last quarter. YANKCOM Partnership purchased a new stake in shares of McDonald's in the 4th quarter valued at $1,628,000. Integral Investment Advisors Inc. boosted its stake in shares of McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after purchasing an additional 164 shares in the last quarter. Finally, Aviva PLC grew its holdings in shares of McDonald's by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after purchasing an additional 23,024 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Price Performance

MCD traded down $0.00 on Tuesday, hitting $312.68. The company had a trading volume of 3,027,950 shares, compared to its average volume of 3,510,261. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The firm has a market capitalization of $223.57 billion, a P/E ratio of 27.45, a P/E/G ratio of 3.10 and a beta of 0.57. The stock has a fifty day simple moving average of $312.40 and a 200-day simple moving average of $302.20.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.70 EPS. Equities research analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, June 2nd. 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 that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the sale, the insider now owns 12,100 shares in the company, valued at $3,853,850. This represents a 7.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MCD. Citigroup boosted their price target on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Barclays raised their price target on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. KeyCorp lifted their price target on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $325.91.

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.