Lansing Street Advisors Increases Stock Position in McDonald's Corporation (NYSE:MCD)

Lansing Street Advisors grew its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,222 shares of the fast-food giant's stock after purchasing an additional 1,649 shares during the quarter. McDonald's comprises about 5.5% of Lansing Street Advisors' investment portfolio, making the stock its 2nd largest position. Lansing Street Advisors' holdings in McDonald's were worth $16,313,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MCD. Norges Bank bought a new stake in McDonald's during the 4th quarter worth about $2,725,190,000. GAMMA Investing LLC boosted its stake in shares of McDonald's by 39,039.7% in the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after purchasing an additional 3,488,982 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of McDonald's during the 4th quarter worth approximately $703,074,000. Castlekeep Investment Advisors LLC bought a new stake in shares of McDonald's during the fourth quarter worth approximately $350,935,000. Finally, Northern Trust Corp lifted its holdings in McDonald's by 11.2% in the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares during the period. Institutional investors own 70.29% of the company's stock.

McDonald's Stock Up 1.8%

Shares of NYSE MCD traded up $5.40 during midday trading on Tuesday, hitting $297.57. 5,094,042 shares of the company's stock were exchanged, compared to its average volume of 3,538,253. The firm has a market capitalization of $212.77 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56. McDonald's Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The company's 50 day moving average price is $307.92 and its 200 day moving average price is $302.49.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.70 earnings per share. On average, equities research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.38%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. Citigroup upped their target price on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Robert W. Baird raised their price target on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Finally, Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald's currently has an average rating of "Hold" and an average target price of $321.17.

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.