McDonald's Corporation (NYSE:MCD) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 16.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,950 shares of the fast-food giant's stock after buying an additional 11,129 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in McDonald's were worth $24,662,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MCD. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald's in the fourth quarter valued at about $25,000. Atala Financial Inc purchased a new stake in shares of McDonald's in the fourth quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's in the fourth quarter valued at about $29,000. Fairway Wealth LLC grew its holdings in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald's in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Trading Up 2.2%

NYSE:MCD traded up $6.31 during mid-day trading on Friday, hitting $291.94. The stock had a trading volume of 7,416,108 shares, compared to its average volume of 3,525,803. The stock has a 50-day simple moving average of $308.26 and a two-hundred day simple moving average of $302.47. The company has a market capitalization of $208.74 billion, a PE ratio of 25.77, a PEG ratio of 3.04 and a beta of 0.56. McDonald's Corporation has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.70 EPS. Sell-side analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.43%. McDonald's's payout ratio is 62.49%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCD. BTIG Research reissued a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. KeyCorp increased their target price on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Finally, TD Securities reaffirmed a "hold" rating and set a $305.00 target price on shares of McDonald's in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $321.79.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider now directly owns 10,222 shares of the company's stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 2,817 shares of company stock valued at $865,843 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

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.