Lakeshore Capital Group Inc. Takes $427,000 Position in McDonald's Co. (NYSE:MCD)

Lakeshore Capital Group Inc. purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,473 shares of the fast-food giant's stock, valued at approximately $427,000.

Several other hedge funds have also modified their holdings of the business. Northeast Financial Consultants Inc lifted its stake in shares of McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after buying an additional 34 shares during the last quarter. Pettee Investors Inc. lifted its position in McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after acquiring an additional 35 shares during the last quarter. Covestor Ltd boosted its holdings 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 acquiring an additional 35 shares during the period. Blue Barn Wealth LLC grew its position in shares of McDonald's by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock valued at $252,000 after purchasing an additional 36 shares during the last quarter. Finally, Diligent Investors LLC increased its stake in shares of McDonald's by 0.8% in the fourth quarter. Diligent Investors LLC now owns 4,746 shares of the fast-food giant's stock worth $1,376,000 after purchasing an additional 36 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Up 0.6%

MCD stock traded up $1.82 during midday trading on Friday, reaching $313.68. 4,056,929 shares of the company's stock traded hands, compared to its average volume of 3,526,384. The company has a market cap of $224.29 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.10 and a beta of 0.57. The company has a 50-day simple moving average of $312.40 and a two-hundred day simple moving average of $302.00. 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 released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the previous year, the business posted $2.70 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts forecast that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.26%. McDonald's's payout ratio is 62.49%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MCD. Barclays raised their target price on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. TD Securities reiterated a "hold" rating and set a $300.00 target price on shares of McDonald's in a research note on Monday, February 10th. Robert W. Baird increased 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. Wedbush boosted their price objective on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Finally, Bank of America increased their target price on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $325.91.

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.