Exchange Traded Concepts LLC Has $4.91 Million Holdings in McDonald's Co. (NYSE:MCD)

Exchange Traded Concepts LLC raised its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 60.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,708 shares of the fast-food giant's stock after purchasing an additional 5,920 shares during the period. Exchange Traded Concepts LLC's holdings in McDonald's were worth $4,907,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MCD. Mattern Capital Management LLC increased its stake in shares of McDonald's by 2.0% during the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock worth $8,729,000 after purchasing an additional 579 shares during the last quarter. Bell Bank increased its position in McDonald's by 3.0% during the fourth quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock worth $3,681,000 after buying an additional 371 shares during the last quarter. Integral Investment Advisors Inc. raised its holdings in McDonald's by 2.6% during the fourth quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after buying an additional 164 shares in the last quarter. Aviva PLC lifted its position in shares of McDonald's by 5.6% in the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after buying an additional 23,024 shares during the last quarter. Finally, Great Waters Wealth Management bought a new stake in shares of McDonald's during the 1st quarter worth about $864,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Barclays raised their target price on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Piper Sandler boosted their target price on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $321.79.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the sale, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This represents a 7.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Stock Down 0.5%

Shares of MCD opened at $301.57 on Monday. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock has a market cap of $215.63 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. The company has a 50-day moving average price of $311.95 and a two-hundred day moving average price of $303.03.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the firm earned $2.70 EPS. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, June 2nd. McDonald's's payout ratio is 62.49%.

McDonald's 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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