Sumitomo Mitsui Trust Group Inc. Grows Stake in McDonald's Corporation (NYSE:MCD)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,026,246 shares of the fast-food giant's stock after buying an additional 17,722 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of McDonald's worth $632,938,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its holdings in shares of McDonald's by 11.7% in the 1st quarter. Golden State Wealth Management LLC now owns 2,751 shares of the fast-food giant's stock worth $859,000 after acquiring an additional 289 shares during the last quarter. Patron Partners LLC grew its holdings in shares of McDonald's by 6.0% during the 1st quarter. Patron Partners LLC now owns 5,682 shares of the fast-food giant's stock valued at $1,775,000 after purchasing an additional 321 shares during the last quarter. Mendel Capital Management LLC purchased a new position in McDonald's in the 1st quarter worth $246,000. Confluence Wealth Services Inc. lifted its stake in McDonald's by 6.5% in the first quarter. Confluence Wealth Services Inc. now owns 10,987 shares of the fast-food giant's stock worth $3,499,000 after purchasing an additional 668 shares during the last quarter. Finally, Highland Capital Management LLC lifted its stake in McDonald's by 2.0% in the first quarter. Highland Capital Management LLC now owns 7,393 shares of the fast-food giant's stock worth $2,309,000 after purchasing an additional 148 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of recent research reports. Barclays boosted their target price on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. TD Securities reiterated a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $321.79.

McDonald's Stock Up 2.2%

NYSE:MCD opened at $291.94 on Friday. The stock has a market cap of $208.74 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.98 and a beta of 0.56. The company's 50 day moving average price is $308.26 and its 200-day moving average price is $302.43. McDonald's Corporation has a 52 week low of $243.53 and a 52 week high of $326.32.

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

McDonald's Dividend Announcement

The firm also recently disclosed 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. 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 (DPR) is presently 62.49%.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 2,817 shares of company stock worth $865,843. 0.25% of the stock is owned by corporate insiders.

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.

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