DekaBank Deutsche Girozentrale Purchases 84,296 Shares of McDonald's Corporation (NYSE:MCD)

DekaBank Deutsche Girozentrale boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 8.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,105,904 shares of the fast-food giant's stock after acquiring an additional 84,296 shares during the period. McDonald's accounts for about 0.7% of DekaBank Deutsche Girozentrale's investment portfolio, making the stock its 28th largest position. DekaBank Deutsche Girozentrale owned about 0.15% of McDonald's worth $338,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $25,000. Atala Financial Inc bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC raised its position in shares of McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of McDonald's during the fourth quarter valued at approximately $30,000. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm'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 transaction of $270,920.28. Following the sale, the insider owned 10,222 shares of the company's stock, 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 through this link. Over the last 90 days, insiders have sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the subject of a number of recent research reports. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 target price (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Robert W. Baird raised their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Morgan Stanley reaffirmed an "equal weight" rating and set a $324.00 price objective (down from $329.00) on shares of McDonald's in a research note on Monday, June 9th. TD Securities reaffirmed a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Finally, 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. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $321.17.

McDonald's Price Performance

McDonald's stock traded down $2.14 during trading hours on Tuesday, reaching $291.39. The stock had a trading volume of 314,496 shares, compared to its average volume of 3,585,419. The company has a market cap of $208.35 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.07 and a beta of 0.53. The business's 50 day moving average price is $305.64 and its 200-day moving average price is $302.53. 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 issued 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. 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 for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 earnings per share. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. McDonald's's payout ratio is 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.

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