Fiduciary Financial Group LLC Increases Stake in McDonald's Co. (NYSE:MCD)

Fiduciary Financial Group LLC grew its position in McDonald's Co. (NYSE:MCD - Free Report) by 187.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,175 shares of the fast-food giant's stock after acquiring an additional 3,374 shares during the period. Fiduciary Financial Group LLC's holdings in McDonald's were worth $1,588,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after purchasing an additional 1,649 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in McDonald's during the fourth quarter worth approximately $64,805,000. Revolve Wealth Partners LLC increased its stake in shares of McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after acquiring an additional 52 shares in the last quarter. OMC Financial Services LTD increased its stake in McDonald's by 10.2% in the fourth quarter. OMC Financial Services LTD now owns 19,735 shares of the fast-food giant's stock valued at $5,721,000 after purchasing an additional 1,827 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its position in McDonald's by 4.9% in the 4th quarter. Angeles Wealth Management LLC now owns 3,544 shares of the fast-food giant's stock valued at $1,027,000 after buying an additional 164 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MCD. BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday. Citigroup increased their price objective on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and lowered their price target for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, TD Securities reaffirmed a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $321.79.

McDonald's Trading Up 0.4%

Shares of McDonald's stock traded up $1.29 on Friday, hitting $304.45. 700,753 shares of the company traded hands, compared to its average volume of 3,496,096. The firm's 50-day simple moving average is $311.91 and its 200 day simple moving average is $302.88. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The company has a market cap of $217.69 billion, a P/E ratio of 26.73, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $2.70 EPS. Analysts predict that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.33%. McDonald's's 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.