KPP Advisory Services LLC Has $1.76 Million Stock Holdings in McDonald's Corporation (NYSE:MCD)

KPP Advisory Services LLC boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 26.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,630 shares of the fast-food giant's stock after acquiring an additional 1,162 shares during the period. KPP Advisory Services LLC's holdings in McDonald's were worth $1,759,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Granite Bay Wealth Management LLC grew its holdings in McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after acquiring an additional 33 shares during the period. CVA Family Office LLC grew its holdings in McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after acquiring an additional 33 shares during the period. Consilium Wealth Advisory LLC grew its holdings in shares of McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after buying an additional 33 shares during the period. Northeast Financial Consultants Inc grew its holdings in shares of McDonald's by 0.5% in the 4th 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 during the period. Finally, Tealwood Asset Management Inc. grew its holdings in shares of McDonald's by 0.4% in the 1st 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 during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MCD. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Citigroup boosted their price target on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. TD Securities reissued a "hold" rating and issued a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. Finally, Robert W. Baird boosted their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $321.79.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 2,817 shares of company stock valued at $865,843 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Price Performance

Shares of NYSE:MCD opened at $285.78 on Thursday. The company's 50-day moving average price is $309.13 and its two-hundred day moving average price is $302.60. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32. The stock has a market capitalization of $204.34 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 3.04 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 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the previous year, the firm posted $2.70 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.48%. McDonald's's dividend payout ratio (DPR) 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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