First National Bank of Mount Dora Trust Investment Services Boosts Stock Position in McDonald's Co. (NYSE:MCD)

First National Bank of Mount Dora Trust Investment Services increased its stake in McDonald's Co. (NYSE:MCD - Free Report) by 68.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,812 shares of the fast-food giant's stock after acquiring an additional 8,891 shares during the period. McDonald's makes up approximately 1.7% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 22nd biggest position. First National Bank of Mount Dora Trust Investment Services' holdings in McDonald's were worth $6,813,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MCD. Brighton Jones LLC raised its holdings in shares of McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after buying an additional 1,649 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of McDonald's during the fourth quarter worth $64,805,000. Revolve Wealth Partners LLC boosted its stake in shares of McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after purchasing an additional 52 shares during the period. OMC Financial Services LTD grew its holdings in shares of McDonald's by 10.2% in the fourth quarter. OMC Financial Services LTD now owns 19,735 shares of the fast-food giant's stock worth $5,721,000 after purchasing an additional 1,827 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its stake in McDonald's by 4.9% in the 4th quarter. Angeles Wealth Management LLC now owns 3,544 shares of the fast-food giant's stock worth $1,027,000 after buying an additional 164 shares during the period. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald's

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 sale, the insider now directly owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Performance

Shares of McDonald's stock traded down $4.53 during trading on Tuesday, hitting $300.25. 4,696,045 shares of the company's stock were exchanged, compared to its average volume of 3,504,501. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The stock has a market capitalization of $214.69 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 3.10 and a beta of 0.56. The business has a 50-day simple moving average of $312.15 and a 200-day simple moving average of $302.86.

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

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald's's dividend payout ratio is presently 62.49%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCD. Bank of America boosted their price objective on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. TD Securities reissued a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Morgan Stanley restated an "equal weight" rating and issued a $324.00 price target (down previously from $329.00) on shares of McDonald's in a report on Monday. Barclays upped their target price on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $346.00 to $315.00 in a research note on Friday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $321.79.

About McDonald's

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.