Davidson Trust Co. boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 368.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,378 shares of the fast-food giant's stock after acquiring an additional 16,028 shares during the quarter. McDonald's accounts for about 3.0% of Davidson Trust Co.'s portfolio, making the stock its 5th largest position. Davidson Trust Co.'s holdings in McDonald's were worth $6,365,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of McDonald's by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after acquiring an additional 526,466 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of McDonald's by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after buying an additional 157,458 shares in the last quarter. Capital Research Global Investors raised its stake in McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after purchasing an additional 531,070 shares in the last quarter. Norges Bank purchased a new stake in McDonald's in the fourth quarter valued at approximately $2,725,190,000. Finally, Northern Trust Corp grew its position in McDonald's by 11.2% during 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 acquiring an additional 895,896 shares during the last quarter. 70.29% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on MCD. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Piper Sandler boosted 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. BMO Capital Markets reissued an "outperform" rating and set a $345.00 price target (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, 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. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $321.17.
Check Out Our Latest Stock Report on McDonald's
McDonald's Stock Performance
McDonald's stock traded down $0.83 during trading on Friday, hitting $293.80. The company's stock had a trading volume of 1,678,645 shares, compared to its average volume of 3,536,052. The stock has a market capitalization of $210.08 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 3.07 and a beta of 0.53. The stock's fifty day moving average is $306.11 and its 200 day moving average is $302.36. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32.
McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the prior year, the company earned $2.70 EPS. The firm's revenue was down 3.5% on a year-over-year basis. On average, research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.
McDonald's Announces Dividend
The company also recently disclosed 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. This represents a $7.08 annualized dividend and a yield of 2.41%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is currently 62.49%.
Insider Activity at McDonald's
In related news, insider Joseph M. Erlinger sold 939 shares of the firm'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 sale, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is currently owned by company insiders.
McDonald's Profile
(
Free Report)
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.
Read More

Before you consider McDonald's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McDonald's wasn't on the list.
While McDonald's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report