Diversified Trust Co Purchases 860 Shares of McDonald's Corporation (NYSE:MCD)

Diversified Trust Co raised its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,293 shares of the fast-food giant's stock after purchasing an additional 860 shares during the period. Diversified Trust Co's holdings in McDonald's were worth $2,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. bought a new position in McDonald's during the fourth quarter worth $25,000. Atala Financial Inc bought a new stake in McDonald's in the 4th quarter valued at $26,000. Pinney & Scofield Inc. bought a new stake in McDonald's in the 4th quarter valued at $29,000. Fairway Wealth LLC boosted its holdings in McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in McDonald's in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BTIG Research reissued a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. KeyCorp increased their price target on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. TD Securities reiterated a "hold" rating and set a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Redburn Atlantic reiterated a "sell" rating and set 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 MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $321.79.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider now directly owns 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 2,817 shares of company stock valued at $865,843 over the last ninety days. 0.25% of the stock is owned by insiders.

McDonald's Trading Up 2.2%

Shares of McDonald's stock traded up $6.31 during trading on Friday, reaching $291.94. The company's stock had a trading volume of 7,416,108 shares, compared to its average volume of 3,547,534. The stock has a 50-day moving average price of $308.26 and a two-hundred day moving average price of $302.43. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32. The stock has a market capitalization of $208.74 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56.

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 (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 business had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the previous year, the business posted $2.70 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $1.77 dividend. 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 dividend 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.