McDonald's Corporation (NYSE:MCD) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,423 shares of the fast-food giant's stock after purchasing an additional 5,538 shares during the quarter. Sequoia Financial Advisors LLC's holdings in McDonald's were worth $36,992,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MCD. Norges Bank purchased a new position in shares of McDonald's during the 4th quarter worth approximately $2,725,190,000. GAMMA Investing LLC grew its holdings in 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 buying an additional 3,488,982 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in McDonald's during the 4th quarter valued at $703,074,000. Castlekeep Investment Advisors LLC purchased a new position in McDonald's during the fourth quarter worth $350,935,000. Finally, Northern Trust Corp raised its holdings in shares of 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 acquiring an additional 895,896 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Stock Up 0.1%

Shares of NYSE MCD traded up $0.24 during midday trading on Thursday, hitting $285.79. The stock had a trading volume of 5,327,904 shares, compared to its average volume of 3,525,529. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The company has a market capitalization of $204.35 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 3.04 and a beta of 0.56. The company has a fifty day moving average price of $309.13 and a 200 day moving average price of $302.60.

McDonald's (NYSE:MCD - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 earnings per share. On average, research analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid 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 2.48%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analysts Set New Price Targets

A number of analysts recently commented on MCD shares. Barclays increased their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Morgan Stanley reaffirmed an "equal weight" rating and set a $324.00 price target (down from $329.00) on shares of McDonald's in a research note on Monday, June 9th. Robert W. Baird lifted their price target 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. Redburn Atlantic reissued a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Finally, Citigroup raised their target price on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $321.79.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 2,817 shares of company stock valued at $865,843 over the last ninety days. Corporate insiders own 0.25% of the company's stock.

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.