Altman Advisors Inc. Boosts Stock Position in McDonald's Corporation (NYSE:MCD)

Altman Advisors Inc. boosted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 27.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,420 shares of the fast-food giant's stock after acquiring an additional 1,591 shares during the period. McDonald's accounts for approximately 1.0% of Altman Advisors Inc.'s portfolio, making the stock its 25th largest holding. Altman Advisors Inc.'s holdings in McDonald's were worth $2,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of McDonald's by 21.6% during the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after purchasing an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC grew its position in 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 worth $563,000 after buying an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in McDonald's by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after acquiring an additional 27,774 shares during the last quarter. GHE LLC raised its holdings in shares of McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after acquiring an additional 136 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of McDonald's by 50.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,038 shares of the fast-food giant's stock valued at $591,000 after acquiring an additional 686 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Stock Up 0.5%

Shares of McDonald's stock traded up $1.43 on Thursday, reaching $300.33. The company's stock had a trading volume of 2,160,098 shares, compared to its average volume of 3,525,836. The company has a market capitalization of $214.74 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 3.12 and a beta of 0.53. McDonald's Corporation has a 52 week low of $246.12 and a 52 week high of $326.32. The firm's fifty day simple moving average is $303.10 and its two-hundred day simple moving average is $302.60.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter in the prior year, the business earned $2.70 EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. McDonald's's dividend payout ratio is presently 62.49%.

Insider Buying and Selling at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,817 shares of company stock worth $1,165,843 over the last three months. Insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MCD shares. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and dropped their target price for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Citigroup lifted their price target on McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. TD Securities reissued a "hold" rating and set a $305.00 price objective on shares of McDonald's in a report on Thursday, June 5th. KeyCorp cut their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Finally, BTIG Research restated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $319.48.

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.