McDonald's Co. (NYSE:MCD) Shares Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA grew its stake in McDonald's Co. (NYSE:MCD - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 356,117 shares of the fast-food giant's stock after buying an additional 34,614 shares during the quarter. McDonald's accounts for about 1.4% of Compagnie Lombard Odier SCmA's portfolio, making the stock its 19th largest holding. Compagnie Lombard Odier SCmA's holdings in McDonald's were worth $111,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. May Barnhard Investments LLC acquired a new position in McDonald's in the 1st quarter worth about $230,000. Ferguson Wellman Capital Management Inc. grew its position in shares of McDonald's by 29.6% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 100,168 shares of the fast-food giant's stock valued at $31,290,000 after purchasing an additional 22,878 shares in the last quarter. Defined Financial Planning LLC grew its position in McDonald's by 21.5% in the first quarter. Defined Financial Planning LLC now owns 2,365 shares of the fast-food giant's stock worth $742,000 after acquiring an additional 419 shares during the period. Net Worth Advisory Group grew its position in McDonald's by 28.6% in the first quarter. Net Worth Advisory Group now owns 2,751 shares of the fast-food giant's stock worth $859,000 after acquiring an additional 612 shares during the period. Finally, ForthRight Wealth Management LLC acquired a new position in McDonald's during the first quarter worth $243,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on MCD shares. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and reduced their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Piper Sandler lifted their target price on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, TD Securities reissued a "hold" rating and set a $305.00 price target on shares of McDonald's in a report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $321.79.

McDonald's Stock Up 0.4%

Shares of McDonald's stock traded up $1.21 during trading on Thursday, hitting $302.93. 2,581,660 shares of the company were exchanged, compared to its average volume of 3,507,059. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The stock has a market capitalization of $216.60 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 3.10 and a beta of 0.56. The firm has a 50 day moving average price of $311.84 and a 200 day moving average price of $302.83.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The firm 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 EPS. Analysts predict 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 will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.34%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling at McDonald's

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

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.