Perfromance Wealth Partners LLC Takes Position in McDonald's Corporation (NYSE:MCD)

Perfromance Wealth Partners LLC bought a new stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 1,023 shares of the fast-food giant's stock, valued at approximately $320,000.

Other institutional investors have also made changes to their positions in the company. 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 valued at $20,341,391,000 after purchasing an additional 526,466 shares during the period. Geode Capital Management LLC boosted its stake in McDonald's by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after buying an additional 157,458 shares in the last quarter. Capital Research Global Investors grew its position 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 acquiring an additional 531,070 shares during the period. Norges Bank acquired a new position in McDonald's during the fourth quarter worth $2,725,190,000. Finally, Northern Trust Corp raised its stake 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 worth $2,570,511,000 after acquiring an additional 895,896 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Stock Performance

Shares of McDonald's stock opened at $286.75 on Friday. McDonald's Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The stock has a market capitalization of $205.04 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 3.02 and a beta of 0.56. The firm has a fifty day moving average of $310.55 and a two-hundred day moving average of $302.78.

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

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.47%. McDonald's's dividend payout ratio is 62.49%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCD. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Barclays lifted their target price on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, Citigroup raised their price target on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $321.79.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction 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 sale, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.

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.

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