Fifth Third Bancorp Grows Stock Holdings in McDonald's Co. (NYSE:MCD)

Fifth Third Bancorp lifted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 544,806 shares of the fast-food giant's stock after acquiring an additional 1,093 shares during the period. Fifth Third Bancorp owned 0.08% of McDonald's worth $170,181,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MCD. Simon Quick Advisors LLC increased its position in McDonald's by 40.8% during the 1st quarter. Simon Quick Advisors LLC now owns 7,588 shares of the fast-food giant's stock valued at $2,370,000 after buying an additional 2,200 shares in the last quarter. Zhang Financial LLC grew its stake in McDonald's by 1.5% during the 1st quarter. Zhang Financial LLC now owns 2,966 shares of the fast-food giant's stock valued at $926,000 after purchasing an additional 44 shares during the last quarter. Chris Bulman Inc purchased a new stake in McDonald's during the 1st quarter valued at about $205,000. Capital Advisory Group Advisory Services LLC grew its stake in McDonald's by 3.7% during the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 1,582 shares of the fast-food giant's stock valued at $494,000 after purchasing an additional 57 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. grew its stake in McDonald's by 3.7% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 12,898 shares of the fast-food giant's stock valued at $4,029,000 after purchasing an additional 458 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the transaction, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MCD has been the topic of several research analyst reports. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and dropped their price target for the company from $346.00 to $315.00 in a research note on Friday, June 6th. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Redburn Atlantic restated a "sell" rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald's in a research note on Tuesday. Barclays upped their target price on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Citigroup upped their target price on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $321.79.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.21 during midday trading on Thursday, hitting $302.93. The company had a trading volume of 2,581,660 shares, compared to its average volume of 3,507,059. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a market cap of $216.60 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The business's 50-day simple moving average is $311.84 and its 200-day simple moving average is $302.83.

McDonald's (NYSE:MCD - Get Free Report) last posted 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 firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the firm earned $2.70 earnings per share. The business's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.34%. 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.