BLB&B Advisors LLC Buys 2,239 Shares of McDonald's Corporation (NYSE:MCD)

BLB&B Advisors LLC boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 5.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,991 shares of the fast-food giant's stock after acquiring an additional 2,239 shares during the quarter. BLB&B Advisors LLC's holdings in McDonald's were worth $12,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Salomon & Ludwin LLC grew its holdings in shares of McDonald's by 2.3% in the first quarter. Salomon & Ludwin LLC now owns 10,550 shares of the fast-food giant's stock worth $3,295,000 after purchasing an additional 233 shares during the last quarter. Alta Advisers Ltd boosted its position in McDonald's by 45.6% during the 1st quarter. Alta Advisers Ltd now owns 3,514 shares of the fast-food giant's stock valued at $1,098,000 after buying an additional 1,100 shares during the period. Kennon Green & Company LLC grew its holdings in McDonald's by 2.6% in the 1st quarter. Kennon Green & Company LLC now owns 8,735 shares of the fast-food giant's stock worth $2,729,000 after acquiring an additional 221 shares during the last quarter. Cypress Capital LLC grew its holdings in McDonald's by 3.1% in the 1st quarter. Cypress Capital LLC now owns 8,470 shares of the fast-food giant's stock worth $2,646,000 after acquiring an additional 255 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its position in shares of McDonald's by 5.5% in the first quarter. Deseret Mutual Benefit Administrators now owns 3,627 shares of the fast-food giant's stock valued at $1,133,000 after acquiring an additional 190 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $5.40 during trading on Tuesday, reaching $297.57. 5,094,042 shares of the stock traded hands, compared to its average volume of 3,538,252. The stock has a market cap of $212.77 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56. The stock has a 50-day moving average of $307.92 and a two-hundred day moving average of $302.49. McDonald's Corporation has a 52-week low of $243.53 and a 52-week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $6.17 billion. During the same quarter in the previous year, the firm posted $2.70 EPS. The firm's revenue was down 3.5% on a year-over-year basis. Sell-side analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 2,817 shares of company stock valued at $865,843 in the last three months. Corporate insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of research analyst reports. BMO Capital Markets restated an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Robert W. Baird upped their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. KeyCorp reduced their price objective on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Piper Sandler raised their target price on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, McDonald's has a consensus rating of "Hold" and an average price target of $321.17.

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.