Blue Trust Inc. Purchases 1,775 Shares of McDonald's Corporation (NYSE:MCD)

Blue Trust Inc. increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,449 shares of the fast-food giant's stock after buying an additional 1,775 shares during the period. Blue Trust Inc.'s holdings in McDonald's were worth $4,826,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in McDonald's by 0.7% during the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,385 shares of the fast-food giant's stock worth $2,575,000 after buying an additional 60 shares during the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of McDonald's by 1.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 2,317 shares of the fast-food giant's stock valued at $712,000 after purchasing an additional 44 shares during the last quarter. United Advisor Group LLC boosted its stake in shares of McDonald's by 3.8% during the first quarter. United Advisor Group LLC now owns 3,544 shares of the fast-food giant's stock valued at $1,107,000 after purchasing an additional 131 shares in the last quarter. ORG Wealth Partners LLC grew its position in shares of McDonald's by 78.9% in the 1st quarter. ORG Wealth Partners LLC now owns 2,922 shares of the fast-food giant's stock valued at $917,000 after buying an additional 1,289 shares during the last quarter. Finally, Plimoth Trust Co. LLC lifted its holdings in McDonald's by 0.5% in the first quarter. Plimoth Trust Co. LLC now owns 17,509 shares of the fast-food giant's stock valued at $5,469,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the company'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 transaction, the insider now directly owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MCD shares. Redburn Atlantic restated a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. KeyCorp upped their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Piper Sandler boosted their target price on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Truist Financial set a $350.00 price objective on shares of McDonald's in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's presently has an average rating of "Hold" and an average price target of $321.79.

McDonald's Stock Performance

NYSE MCD traded down $3.07 during trading hours on Thursday, hitting $289.24. 4,004,866 shares of the company's stock were exchanged, compared to its average volume of 3,516,732. The firm has a market capitalization of $206.81 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.56. McDonald's Corporation has a 12-month low of $243.53 and a 12-month high of $326.32. The business's 50 day moving average is $311.36 and its 200-day moving average is $302.86.

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 firm 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 195.27% and a net margin of 31.75%. 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 business earned $2.70 EPS. As a group, equities research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.45%. McDonald's's payout ratio is 62.49%.

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.