Farther Finance Advisors LLC Boosts Position in McDonald's Co. (NYSE:MCD)

Farther Finance Advisors LLC raised its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 50.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,976 shares of the fast-food giant's stock after acquiring an additional 5,669 shares during the period. Farther Finance Advisors LLC's holdings in McDonald's were worth $5,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Granite Bay Wealth Management LLC lifted its stake in shares of McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after acquiring an additional 33 shares during the last quarter. Northeast Financial Consultants Inc lifted its stake in shares of McDonald's by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after acquiring an additional 34 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in shares of McDonald's by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after acquiring an additional 34 shares during the last quarter. Pettee Investors Inc. lifted its stake in shares of McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after acquiring an additional 35 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of McDonald's by 4.1% during the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock worth $261,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the transaction, the insider now directly owns 12,100 shares of the company's stock, valued at $3,853,850. This represents a 7.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by insiders.

McDonald's Trading Up 0.5%

Shares of MCD stock traded up $1.50 during trading hours on Wednesday, reaching $301.93. 3,312,112 shares of the company's stock were exchanged, compared to its average volume of 3,509,391. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The stock has a market cap of $215.89 billion, a PE ratio of 26.51, a PEG ratio of 3.10 and a beta of 0.56. The stock's fifty day moving average price is $311.79 and its two-hundred day moving average price is $302.84.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates 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 earnings per share. The company's revenue was down 3.5% on a year-over-year basis. On average, equities analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MCD. Wedbush upped their price target on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. TD Securities restated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Redburn Atlantic restated a "sell" rating and issued a $260.00 price target (down from $319.00) on shares of McDonald's in a report on Tuesday. Finally, KeyCorp raised their price objective on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $321.79.

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.