NBC Securities Inc. Purchases 7,582 Shares of McDonald's Co. (NYSE:MCD)

NBC Securities Inc. increased its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 108,314.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,589 shares of the fast-food giant's stock after purchasing an additional 7,582 shares during the period. NBC Securities Inc.'s holdings in McDonald's were worth $2,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in McDonald's in the 4th quarter valued at $2,725,190,000. GAMMA Investing LLC boosted its position in shares of McDonald's by 39,039.7% during 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 acquiring an additional 3,488,982 shares in the last quarter. Raymond James Financial Inc. bought a new stake in McDonald's in the fourth quarter valued at about $703,074,000. Castlekeep Investment Advisors LLC bought a new stake in McDonald's in the fourth quarter valued at about $350,935,000. Finally, Northern Trust Corp raised its position 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 worth $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald's Price Performance

Shares of MCD stock traded down $0.00 during trading hours on Tuesday, reaching $312.68. The company had a trading volume of 3,028,078 shares, compared to its average volume of 3,510,262. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market cap of $223.57 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 3.10 and a beta of 0.57. The company has a 50 day moving average of $312.40 and a 200 day moving average of $302.20.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.70 earnings per share. As a group, sell-side analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Wedbush boosted their price target on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Citigroup upped their price target on 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 lifted their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Twelve investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $325.91.

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.