Shilanski & Associates Inc. Makes New $397,000 Investment in McDonald's Corporation (NYSE:MCD)

Shilanski & Associates Inc. bought a new position in McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,271 shares of the fast-food giant's stock, valued at approximately $397,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MCD. Mascagni Wealth Management Inc. purchased a new position in McDonald's in the fourth quarter worth $25,000. Atala Financial Inc purchased a new stake in shares of McDonald's during the 4th quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the 4th quarter worth $29,000. Fairway Wealth LLC increased its holdings in shares of McDonald's by 110.0% in the 4th 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 in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of McDonald's in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MCD. Citigroup boosted their price objective on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Argus cut McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Finally, TD Securities reiterated a "hold" rating and set a $305.00 target price 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $321.79.

McDonald's Stock Up 2.2%

MCD stock opened at $291.94 on Monday. The stock has a market capitalization of $208.74 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56. McDonald's Corporation has a 52-week low of $243.53 and a 52-week high of $326.32. The stock's fifty day simple moving average is $308.26 and its 200-day simple moving average is $302.52.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The firm 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 firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.70 earnings per share. As a group, analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently announced 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 of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. McDonald's's dividend payout ratio is presently 62.49%.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The stock was 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 approximately $2,949,251.44. This trade represents a 8.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is owned by company 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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