McDonald's Corporation (NYSE:MCD) Shares Acquired by OLD Republic International Corp

OLD Republic International Corp lifted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,150 shares of the fast-food giant's stock after buying an additional 3,100 shares during the period. McDonald's comprises 2.4% of OLD Republic International Corp's holdings, making the stock its 12th largest holding. OLD Republic International Corp's holdings in McDonald's were worth $61,271,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MCD. Granite Bay Wealth Management LLC boosted its holdings in shares of McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC boosted its stake in McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after buying an additional 33 shares during the period. Consilium Wealth Advisory LLC increased its position in McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after acquiring an additional 33 shares during the last quarter. Northeast Financial Consultants Inc raised its stake in shares of McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after acquiring an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. raised its stake in shares of McDonald's by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after acquiring an additional 34 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MCD. Citigroup lifted their price target on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Loop Capital lowered 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 research note on Friday, June 6th. Finally, TD Securities reaffirmed a "hold" rating and issued a $305.00 price objective 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 assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $321.17.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the sale, the insider directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 2,817 shares of company stock worth $865,843 over the last ninety days. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Performance

NYSE:MCD traded down $0.59 during trading hours on Monday, reaching $293.49. The company's stock had a trading volume of 3,402,996 shares, compared to its average volume of 3,538,406. The stock has a 50 day moving average price of $306.11 and a two-hundred day moving average price of $302.52. The company has a market capitalization of $209.85 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. McDonald's Corporation has a 12 month low of $243.53 and a 12 month 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 (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate 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 was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $2.70 EPS. As a group, analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. McDonald's's dividend payout ratio 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.