Johnson Investment Counsel Inc. Buys 4,179 Shares of McDonald's Corporation (NYSE:MCD)

Johnson Investment Counsel Inc. grew its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,535 shares of the fast-food giant's stock after acquiring an additional 4,179 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in McDonald's were worth $100,438,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mascagni Wealth Management Inc. bought a new position in McDonald's during the 4th quarter valued at about $25,000. Atala Financial Inc bought a new position in McDonald's during the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new stake in McDonald's in the fourth quarter worth approximately $29,000. Fairway Wealth LLC grew its position in McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in McDonald's in the 4th quarter worth approximately $30,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCD has been the topic of a number of research reports. Barclays raised their price target on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Argus cut McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and reduced their price target for the company from $346.00 to $315.00 in a research report on Friday, June 6th. TD Securities restated a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Finally, Truist Financial set a $350.00 price target on shares of McDonald's in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $321.79.

McDonald's Stock Down 1.1%

McDonald's stock traded down $3.07 during midday trading on Thursday, reaching $289.24. The stock had a trading volume of 4,004,866 shares, compared to its average volume of 3,516,732. McDonald's Corporation has a 52-week low of $243.53 and a 52-week high of $326.32. The company has a fifty day moving average of $311.36 and a 200 day moving average of $302.86. The firm has a market cap of $206.81 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. The firm 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.70 EPS. Equities research analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated 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 directly owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.25% of the company's stock.

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.