McDonald's Co. (NYSE:MCD) Shares Bought by Chicago Capital LLC

Chicago Capital LLC lifted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,237 shares of the fast-food giant's stock after purchasing an additional 1,742 shares during the period. Chicago Capital LLC's holdings in McDonald's were worth $5,697,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smith Shellnut Wilson LLC ADV increased its stake in shares of McDonald's by 1.0% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 5,267 shares of the fast-food giant's stock worth $1,645,000 after buying an additional 51 shares during the period. Kercheville Advisors LLC grew its holdings in McDonald's by 19.0% during the 1st quarter. Kercheville Advisors LLC now owns 6,898 shares of the fast-food giant's stock worth $2,155,000 after acquiring an additional 1,100 shares in the last quarter. Consilium Wealth Advisory LLC grew its holdings in McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after acquiring an additional 33 shares in the last quarter. Vista Investment Partners LLC increased its position in shares of McDonald's by 0.7% in the 1st quarter. Vista Investment Partners LLC now owns 9,145 shares of the fast-food giant's stock valued at $2,857,000 after purchasing an additional 66 shares during the last quarter. Finally, Vicus Capital acquired a new stake in shares of McDonald's in the 1st quarter valued at $203,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on MCD. Robert W. Baird increased their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and decreased their target price for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Barclays boosted their price objective on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $321.79.

McDonald's Stock Down 1.9%

Shares of McDonald's stock opened at $296.18 on Tuesday. The firm has a market cap of $211.78 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 52-week low of $243.53 and a 52-week high of $326.32. The company's 50-day simple moving average is $311.89 and its 200-day simple moving average is $303.03.

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

McDonald's Announces Dividend

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

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.

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