Pallas Capital Advisors LLC Acquires 1,042 Shares of McDonald's Co. (NYSE:MCD)

Pallas Capital Advisors LLC raised its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,384 shares of the fast-food giant's stock after buying an additional 1,042 shares during the period. Pallas Capital Advisors LLC's holdings in McDonald's were worth $4,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Granite Bay Wealth Management LLC raised its stake in shares of McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after acquiring an additional 33 shares in the last quarter. Northeast Financial Consultants Inc raised its position in shares of McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after purchasing an additional 34 shares during the period. Tealwood Asset Management Inc. raised its position in shares of McDonald's by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after purchasing an additional 34 shares during the period. Pettee Investors Inc. lifted its stake in shares of McDonald's by 0.7% in the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after buying an additional 35 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of McDonald's by 4.1% during the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock worth $261,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on MCD. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 target price (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. TD Securities reiterated a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Redburn Atlantic reissued a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Finally, KeyCorp upped their price target on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $321.79.

McDonald's Price Performance

Shares of MCD traded up $1.21 during mid-day trading on Thursday, reaching $302.93. The company had a trading volume of 2,581,660 shares, compared to its average volume of 3,505,713. The company has a market capitalization of $216.60 billion, a P/E ratio of 26.60, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald's Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The company's 50-day moving average is $311.84 and its 200-day moving average is $302.83.

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

McDonald's Dividend Announcement

The company 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. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the sale, the insider now owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

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.