McDonald's Corporation (NYSE:MCD) Shares Acquired by Mesirow Financial Investment Management Inc.

Key Points

• Mesirow Financial Investment Management Inc. increased its stake in McDonald's Corporation by 3.0%, purchasing an additional 1,303 shares, bringing its total holdings to 44,903 shares valued at approximately $14 million.
• Insider trades at McDonald's included a sale of 939 shares by Joseph M. Erlinger and 1,000 shares by CMO Edith Morgan Flatley, both resulting in significant decreases in their ownership percentages.
• Equity analysts have mixed opinions on McDonald's stock, with price targets ranging from a low of $260.00 to a high of $356.00, reflecting a cautious outlook with a majority holding rating.

Mesirow Financial Investment Management Inc. raised its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,903 shares of the fast-food giant's stock after purchasing an additional 1,303 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in McDonald's were worth $14,026,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Red Door Wealth Management LLC increased its position in McDonald's by 1.9% in the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after acquiring an additional 109 shares in the last quarter. Aviva PLC boosted its stake in McDonald's by 5.6% during the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after acquiring an additional 23,024 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in McDonald's by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after acquiring an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC boosted its stake in McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after acquiring an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC lifted its stake in McDonald's by 1.7% in the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after buying an additional 937 shares in the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares of the company's stock, valued at $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock valued at $1,147,992 over the last 90 days. Company insiders own 0.25% of the company's stock.

McDonald's Stock Down 1.1%

Shares of MCD stock traded down $3.31 during trading hours on Thursday, hitting $300.30. 3,619,632 shares of the company's stock traded hands, compared to its average volume of 3,222,961. The stock has a market cap of $214.72 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. The stock's 50 day simple moving average is $299.68 and its 200 day simple moving average is $303.37. McDonald's Corporation has a 12 month low of $262.40 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly 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. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.70 earnings per share. As a group, equities research analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.4%. McDonald's's dividend payout ratio is 62.49%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MCD shares. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Citigroup upped their price objective on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. TD Securities reiterated a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a report on Thursday, June 5th. Robert W. Baird upped their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Melius started coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, McDonald's has an average rating of "Hold" and an average price target of $323.39.

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.