Saxon Interests Inc. Has $415,000 Stake in McDonald's Corporation (NYSE:MCD)

Saxon Interests Inc. lessened its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 60.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,328 shares of the fast-food giant's stock after selling 1,998 shares during the period. Saxon Interests Inc.'s holdings in McDonald's were worth $415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mascagni Wealth Management Inc. bought a new position in McDonald's in the fourth quarter valued at $25,000. Atala Financial Inc bought a new position in McDonald's in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new position in McDonald's in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC increased its position in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of McDonald's during the 4th quarter worth approximately $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their target price on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Barclays lifted their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. KeyCorp dropped their target price on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a report on Monday. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $321.17.

McDonald's Stock Up 1.8%

Shares of MCD traded up $5.40 during midday trading on Tuesday, reaching $297.57. 5,094,042 shares of the stock were exchanged, compared to its average volume of 3,538,251. The stock's 50 day simple moving average is $307.92 and its 200 day simple moving average is $302.49. The company has a market cap of $212.77 billion, a P/E ratio of 26.26, 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 released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The business 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%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.70 earnings per share. As a group, analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current 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 dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.38%. McDonald's's dividend payout ratio is presently 62.49%.

Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider owned 10,222 shares of the company's stock, valued at $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 2,817 shares of company stock valued at $865,843 in the last three months. 0.25% of the stock is currently owned by 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.