IFM Investors Pty Ltd Buys 12,072 Shares of McDonald's Corporation (NYSE:MCD)

IFM Investors Pty Ltd raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,529 shares of the fast-food giant's stock after buying an additional 12,072 shares during the quarter. IFM Investors Pty Ltd's holdings in McDonald's were worth $44,011,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's during the 4th quarter valued at $25,000. Atala Financial Inc bought a new stake in shares of McDonald's during the 4th quarter valued at $26,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's during the 4th quarter valued at $29,000. Fairway Wealth LLC raised its stake in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of McDonald's during the 4th quarter valued at $30,000. 70.29% of the stock is currently 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 Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 2,817 shares of company stock worth $865,843. Company insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MCD. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and decreased their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Redburn Atlantic reiterated a "sell" rating and set a $260.00 price objective (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Piper Sandler boosted their target price on 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 boosted their target price on McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $321.17.

McDonald's Stock Down 0.3%

Shares of NYSE MCD traded down $0.83 during midday trading on Friday, reaching $293.80. The company had a trading volume of 1,678,645 shares, compared to its average volume of 3,536,052. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32. The firm's fifty day moving average price is $306.11 and its 200-day moving average price is $302.36. The stock has a market cap of $210.08 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released 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 company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.70 EPS. As a group, equities research analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.41%. McDonald's's dividend payout ratio is 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.