Franklin Street Advisors Inc. NC Has $5.31 Million Stock Holdings in McDonald's Co. (NYSE:MCD)

Franklin Street Advisors Inc. NC raised its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,985 shares of the fast-food giant's stock after acquiring an additional 1,161 shares during the quarter. Franklin Street Advisors Inc. NC's holdings in McDonald's were worth $5,306,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In related 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 value of $295,850.73. Following the completion of the transaction, the insider now directly owns 11,161 shares of the company's stock, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

McDonald's Price Performance

Shares of McDonald's stock traded down $1.59 during midday trading on Friday, hitting $301.57. The company had a trading volume of 2,424,707 shares, compared to its average volume of 3,506,984. The business's 50 day simple moving average is $311.95 and its two-hundred day simple moving average is $302.92. The stock has a market cap of $215.63 billion, a PE ratio of 26.48, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

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 (EPS) for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $2.70 earnings per share. On average, sell-side 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. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.35%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Analysts Set New Price Targets

MCD has been the subject of a number of analyst reports. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Robert W. Baird increased their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Piper Sandler increased their price target 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. Finally, Citigroup raised their price objective on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus 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.