Massachusetts Financial Services Co. MA Has $31.03 Million Holdings in McDonald's Corporation (NYSE:MCD)

Massachusetts Financial Services Co. MA increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 10.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,321 shares of the fast-food giant's stock after purchasing an additional 9,136 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in McDonald's were worth $31,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCD. Norges Bank acquired a new position in shares of McDonald's in the 4th quarter valued at about $2,725,190,000. GAMMA Investing LLC lifted its stake in shares of McDonald's by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after purchasing an additional 3,488,982 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of McDonald's in the 4th quarter valued at about $350,935,000. Northern Trust Corp lifted its stake in shares of McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of McDonald's by 24.4% in the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after purchasing an additional 794,536 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Performance

NYSE:MCD traded down $3.50 during trading hours on Friday, hitting $296.87. 3,477,177 shares of the company's stock traded hands, compared to its average volume of 3,528,220. McDonald's Corporation has a twelve month low of $246.12 and a twelve month high of $326.32. The stock's fifty day moving average price is $302.50 and its two-hundred day moving average price is $302.72. The firm has a market cap of $212.27 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.07 and a beta of 0.53.

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, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company 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 company posted $2.70 EPS. The firm's revenue was down 3.5% on a year-over-year basis. On average, equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.38%. McDonald's's payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MCD. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and reduced their price target for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. KeyCorp reduced their price target on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. TD Securities reissued a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Finally, Piper Sandler boosted their price target on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $319.72.

Insider Buying and Selling at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated 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 owned 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock valued at $1,165,843 over the last three months. Insiders own 0.25% of the company's stock.

McDonald's Company 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.