McDonald's Co. (NYSE:MCD) Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lifted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,092 shares of the fast-food giant's stock after buying an additional 2,315 shares during the period. McDonald's makes up approximately 1.2% of MassMutual Private Wealth & Trust FSB's investment portfolio, making the stock its 18th biggest holding. MassMutual Private Wealth & Trust FSB's holdings in McDonald's were worth $40,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of McDonald's in the fourth quarter worth $2,725,190,000. Raymond James Financial Inc. acquired a new stake in shares of McDonald's in the fourth quarter worth $703,074,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of McDonald's in the fourth quarter worth $350,935,000. Northern Trust Corp increased its stake in shares of McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after acquiring an additional 895,896 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in McDonald's by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after buying an additional 794,536 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MCD shares. Robert W. Baird lifted their price objective 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. Bank of America increased their price objective on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. KeyCorp increased their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Twelve analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Trading Down 0.2%

MCD traded down $0.67 during trading hours on Monday, hitting $311.41. 881,457 shares of the company's stock were exchanged, compared to its average volume of 3,505,560. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a 50 day moving average of $312.40 and a 200 day moving average of $302.06. The firm has a market cap of $222.67 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the prior year, the firm earned $2.70 EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, research analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal 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 issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, June 2nd. McDonald's's 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.