Calamos Advisors LLC Has $60.57 Million Stake in McDonald's Corporation (NYSE:MCD)

Calamos Advisors LLC lifted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,900 shares of the fast-food giant's stock after purchasing an additional 1,725 shares during the quarter. Calamos Advisors LLC's holdings in McDonald's were worth $60,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's during the 4th quarter worth about $25,000. Atala Financial Inc bought a new stake in McDonald's during the fourth quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new stake in McDonald's during the fourth quarter worth approximately $29,000. Fairway Wealth LLC raised its holdings in McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of McDonald's in the 4th quarter worth $30,000. 70.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 2,817 shares of company stock valued at $865,843. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup upped their price target on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and dropped their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. Finally, Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $321.17.

McDonald's Stock Performance

Shares of NYSE MCD traded down $0.83 during mid-day trading on Friday, reaching $293.80. The company had a trading volume of 1,678,645 shares, compared to its average volume of 3,538,951. The company has a market capitalization of $210.08 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.07 and a beta of 0.53. The stock has a fifty day moving average of $306.11 and a two-hundred day moving average of $302.44. McDonald's Corporation 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 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 net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the business earned $2.70 EPS. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

McDonald's Company 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.