Audent Global Asset Management LLC Has $1.56 Million Stock Position in McDonald's Co. (NYSE:MCD)

Audent Global Asset Management LLC increased its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 323.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,380 shares of the fast-food giant's stock after acquiring an additional 4,110 shares during the period. McDonald's comprises 1.0% of Audent Global Asset Management LLC's holdings, making the stock its 28th largest holding. Audent Global Asset Management LLC's holdings in McDonald's were worth $1,560,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Siemens Fonds Invest GmbH boosted its position in McDonald's by 57.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 24,364 shares of the fast-food giant's stock valued at $7,056,000 after buying an additional 8,895 shares in the last quarter. American Investment Services Inc. boosted its position in McDonald's by 4.7% in the fourth quarter. American Investment Services Inc. now owns 3,960 shares of the fast-food giant's stock valued at $1,148,000 after buying an additional 176 shares in the last quarter. BridgePort Financial Solutions LLC acquired a new stake in McDonald's in the fourth quarter valued at approximately $925,000. Park Square Financial Group LLC acquired a new stake in McDonald's in the fourth quarter valued at approximately $390,000. Finally, Menard Financial Group LLC acquired a new stake in McDonald's in the fourth quarter valued at approximately $96,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MCD shares. JPMorgan Chase & Co. lifted their price target on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Robert W. Baird lifted their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Morgan Stanley cut their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Citigroup lifted their price target on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Twelve research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $325.91.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald'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 completion of the transaction, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.6%

MCD traded up $1.82 during midday trading on Friday, hitting $313.68. The company had a trading volume of 4,056,929 shares, compared to its average volume of 3,526,384. McDonald's Co. has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market capitalization 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 stock's 50 day moving average price is $312.40 and its 200 day moving average price is $302.00.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm posted $2.70 earnings per share. The business's revenue was down 3.5% compared to the same quarter last year. Research analysts predict that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 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.