McDonald's Co. (NYSE:MCD) Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC grew its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 12.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,312 shares of the fast-food giant's stock after purchasing an additional 3,719 shares during the quarter. Capital Investment Advisors LLC's holdings in McDonald's were worth $10,406,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MCD. Hickory Point Bank & Trust grew its stake in shares of McDonald's by 18.9% in the first quarter. Hickory Point Bank & Trust now owns 870 shares of the fast-food giant's stock valued at $272,000 after buying an additional 138 shares in the last quarter. SOA Wealth Advisors LLC. grew its position in shares of McDonald's by 245.7% during the 1st quarter. SOA Wealth Advisors LLC. now owns 9,327 shares of the fast-food giant's stock valued at $2,913,000 after buying an additional 6,629 shares during the last quarter. Kennebec Savings Bank lifted its holdings in shares of McDonald's by 4.2% in the 1st quarter. Kennebec Savings Bank now owns 4,719 shares of the fast-food giant's stock worth $1,474,000 after purchasing an additional 190 shares during the last quarter. Wynn Capital LLC boosted its stake in McDonald's by 300.8% during the 1st quarter. Wynn Capital LLC now owns 4,730 shares of the fast-food giant's stock valued at $1,477,000 after purchasing an additional 3,550 shares during the period. Finally, NavPoint Financial Inc. grew its holdings in McDonald's by 11.9% in the 1st quarter. NavPoint Financial Inc. now owns 937 shares of the fast-food giant's stock worth $293,000 after buying an additional 100 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company'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 sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MCD shares. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Barclays raised their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Morgan Stanley decreased their price objective on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Finally, Bank of America boosted their target price on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Thirteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $324.96.

McDonald's Stock Down 0.5%

Shares of McDonald's stock opened at $307.44 on Friday. The company's fifty day simple moving average is $312.29 and its two-hundred day simple moving average is $302.66. The firm has a market cap of $219.83 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.70 EPS. As a group, sell-side analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 annualized dividend and a yield of 2.30%. McDonald's's dividend payout ratio (DPR) 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.

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