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

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

Other hedge funds have also recently bought and sold shares of the company. Innovative Wealth Building LLC raised its holdings in shares of McDonald's by 2.7% during the first quarter. Innovative Wealth Building LLC now owns 1,758 shares of the fast-food giant's stock worth $549,000 after acquiring an additional 46 shares in the last quarter. Stonebridge Financial Group LLC grew its stake in McDonald's by 2.7% in the first quarter. Stonebridge Financial Group LLC now owns 17,092 shares of the fast-food giant's stock valued at $5,339,000 after purchasing an additional 448 shares in the last quarter. Northcape Wealth Management LLC increased its position in McDonald's by 0.6% in the 1st quarter. Northcape Wealth Management LLC now owns 9,750 shares of the fast-food giant's stock worth $3,046,000 after purchasing an additional 54 shares during the last quarter. Almanack Investment Partners LLC. raised its stake in shares of McDonald's by 32.7% during the 1st quarter. Almanack Investment Partners LLC. now owns 2,420 shares of the fast-food giant's stock worth $756,000 after purchasing an additional 596 shares in the last quarter. Finally, Financial Insights Inc. lifted its holdings in shares of McDonald's by 17.5% during the 1st quarter. Financial Insights Inc. now owns 2,147 shares of the fast-food giant's stock valued at $671,000 after buying an additional 320 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 2,817 shares of company stock worth $865,843 over the last 90 days. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the subject of several recent research reports. TD Securities reissued a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and decreased their target price for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. BTIG Research restated a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, McDonald's currently has an average rating of "Hold" and an average target price of $321.17.

McDonald's Price Performance

Shares of McDonald's stock traded down $0.83 during midday trading on Thursday, hitting $293.80. The company had a trading volume of 1,678,645 shares, compared to its average volume of 3,613,955. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The business's 50 day simple moving average is $307.01 and its two-hundred day simple moving average is $302.40. The stock has a market cap of $210.08 billion, a PE ratio of 25.93, a P/E/G ratio of 3.11 and a beta of 0.53.

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

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

McDonald's 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.