D.A. Davidson & CO. Grows Stake in McDonald's Corporation (NYSE:MCD)

D.A. Davidson & CO. boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 120,823 shares of the fast-food giant's stock after acquiring an additional 1,168 shares during the period. D.A. Davidson & CO.'s holdings in McDonald's were worth $37,742,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Truist Financial set a $350.00 price objective on McDonald's in a research note on Friday, May 2nd. TD Securities reaffirmed a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research note on Thursday, June 5th. Finally, BMO Capital Markets reiterated 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. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $321.17.

McDonald's Stock Performance

Shares of NYSE MCD traded down $0.83 during trading on Friday, reaching $293.80. The stock had a trading volume of 1,678,645 shares, compared to its average volume of 3,536,052. The company has a market cap of $210.08 billion, a P/E ratio of 25.93, a PEG ratio of 3.08 and a beta of 0.53. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The business's 50-day moving average price is $306.57 and its 200-day moving average price is $302.37.

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 company 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 revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the business posted $2.70 EPS. Analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued 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 was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred 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 represents a 8.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 2,817 shares of company stock valued at $865,843 in the last ninety 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.