Alta Advisers Ltd Purchases 1,100 Shares of McDonald's Corporation (NYSE:MCD)

Alta Advisers Ltd boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 45.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,514 shares of the fast-food giant's stock after acquiring an additional 1,100 shares during the period. Alta Advisers Ltd's holdings in McDonald's were worth $1,098,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in McDonald's by 21.6% in the fourth 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 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of McDonald's by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after buying an additional 27,774 shares during the period. GHE LLC boosted its stake in shares of McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after buying an additional 136 shares during the period. Finally, Maia Wealth LLC grew its holdings in shares of McDonald's by 6.0% during the fourth quarter. Maia Wealth LLC now owns 1,440 shares of the fast-food giant's stock worth $422,000 after buying an additional 81 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald's

In other McDonald's 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 completion of the transaction, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This trade 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 is available through this link. In the last three months, insiders sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and decreased their price target for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Redburn Atlantic reissued a "sell" rating and set a $260.00 price target (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, TD Securities reissued a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $321.17.

McDonald's Price Performance

Shares of NYSE:MCD traded down $3.19 during midday trading on Wednesday, reaching $294.30. The company's stock had a trading volume of 1,963,196 shares, compared to its average volume of 3,531,278. The company has a market capitalization of $210.43 billion, a P/E ratio of 25.95, a P/E/G ratio of 3.05 and a beta of 0.53. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The business's fifty day simple moving average is $307.49 and its 200-day simple moving average is $302.45.

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

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.41%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

McDonald's Company 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.