Hanson & Doremus Investment Management Acquires 1,126 Shares of McDonald's Co. (NYSE:MCD)

Hanson & Doremus Investment Management grew its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 30.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,800 shares of the fast-food giant's stock after purchasing an additional 1,126 shares during the quarter. Hanson & Doremus Investment Management's holdings in McDonald's were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mattern Capital Management LLC grew its stake in McDonald's by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant's stock valued at $8,729,000 after buying an additional 579 shares during the last quarter. Bell Bank grew its stake in McDonald's by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant's stock valued at $3,681,000 after buying an additional 371 shares during the last quarter. Integral Investment Advisors Inc. grew its stake in McDonald's by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant's stock valued at $1,888,000 after buying an additional 164 shares during the last quarter. Aviva PLC grew its position in McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after purchasing an additional 23,024 shares during the last quarter. Finally, Great Waters Wealth Management acquired a new stake in McDonald's in the 1st quarter worth $864,000. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on MCD. TD Securities restated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and decreased their target price for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. One research 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. Based on data from MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and an average price target of $321.79.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. This represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.25% of the company's stock.

McDonald's Trading Down 0.5%

Shares of NYSE MCD opened at $301.57 on Monday. The company 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. The company has a 50-day moving average of $311.95 and a two-hundred day moving average of $303.03. 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 issued its 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 net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 earnings per share. The business's quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts forecast that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.35%. The ex-dividend date is Monday, June 2nd. McDonald's's payout ratio is presently 62.49%.

McDonald's 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.

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