McDonald's Co. (NYSE:MCD) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC increased its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,317 shares of the fast-food giant's stock after acquiring an additional 1,548 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in McDonald's were worth $7,908,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in McDonald's in the 4th quarter valued at $2,725,190,000. GAMMA Investing LLC boosted its holdings in shares of McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after acquiring an additional 3,488,982 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of McDonald's during the fourth quarter worth about $703,074,000. Castlekeep Investment Advisors LLC acquired a new position in shares of McDonald's during the fourth quarter worth about $350,935,000. Finally, Northern Trust Corp lifted its position in McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Down 0.9%

Shares of MCD stock traded down $2.70 during trading hours on Thursday, hitting $308.87. 1,393,047 shares of the company were exchanged, compared to its average volume of 3,488,833. McDonald's Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The firm has a fifty day moving average of $312.49 and a 200 day moving average of $302.34. The firm has a market cap of $220.85 billion, a PE ratio of 27.12, a PEG ratio of 3.10 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results 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 firm 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%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 earnings per share. Analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm 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 dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm'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 of the company's stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. Truist Financial set a $350.00 target price on McDonald's in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. upped their target price on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Wedbush lifted their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $326.13.

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.