McDonald's Corporation (NYSE:MCD) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 142,018 shares of the fast-food giant's stock after buying an additional 2,677 shares during the period. Brown Advisory Inc.'s holdings in McDonald's were worth $44,362,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in McDonald's by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after purchasing an additional 526,466 shares during the period. Geode Capital Management LLC boosted its holdings in McDonald's by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after purchasing an additional 157,458 shares during the period. Capital Research Global Investors boosted its holdings in McDonald's by 5.2% in the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after purchasing an additional 531,070 shares during the period. Norges Bank bought a new stake in McDonald's in the 4th quarter valued at about $2,725,190,000. Finally, Northern Trust Corp boosted its holdings in McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the period. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.41 on Friday, hitting $299.80. 4,494,100 shares of the company's stock were exchanged, compared to its average volume of 3,532,598. McDonald's Corporation has a 12 month low of $246.12 and a 12 month high of $326.32. The stock has a market capitalization of $214.37 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. The business's 50 day simple moving average is $304.11 and its two-hundred day simple moving average is $302.48.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the company posted $2.70 earnings per share. The firm's quarterly revenue was down 3.5% on a year-over-year basis. Equities analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MCD. KeyCorp cut their price target on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a report on Monday, June 30th. BMO Capital Markets reaffirmed 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. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Finally, Piper Sandler upped their price target on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, McDonald's currently has an average rating of "Hold" and an average target price of $322.29.

Insider Transactions at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the business's 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 sale, the chief marketing officer owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,817 shares of company stock worth $1,165,843 in the last 90 days. Insiders own 0.25% of the company's stock.

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.