McDonald's Co. (NYSE:MCD) Position Increased by Kercheville Advisors LLC

Kercheville Advisors LLC raised its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 19.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,898 shares of the fast-food giant's stock after buying an additional 1,100 shares during the period. McDonald's comprises approximately 0.9% of Kercheville Advisors LLC's investment portfolio, making the stock its 29th biggest position. Kercheville Advisors LLC's holdings in McDonald's were worth $2,155,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC boosted its position in McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC boosted its position in McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares during the period. Consilium Wealth Advisory LLC boosted its position in McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares during the period. Northeast Financial Consultants Inc boosted its position in McDonald's by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after purchasing an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. boosted its position in McDonald's by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after purchasing an additional 34 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald's Price Performance

Shares of MCD opened at $296.18 on Tuesday. The firm's 50 day simple moving average is $311.89 and its 200 day simple moving average is $303.03. The company has a market capitalization of $211.78 billion, a P/E ratio of 26.00, a P/E/G ratio of 3.10 and a beta of 0.56. 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 posted 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. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $2.70 earnings per share. On average, equities analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred 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 transaction, the insider now directly owns 11,161 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Redburn Atlantic reiterated a "sell" rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Morgan Stanley reiterated an "equal weight" rating and set a $324.00 target price (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Barclays boosted their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald's has an average rating of "Hold" and a consensus target price of $321.79.

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.

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