1,680 Shares in McDonald's Co. (NYSE:MCD) Bought by Sweeney & Michel LLC

Sweeney & Michel LLC acquired a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,680 shares of the fast-food giant's stock, valued at approximately $504,000.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of McDonald's by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of McDonald's by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after purchasing an additional 157,458 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after purchasing an additional 531,070 shares during the last quarter. Norges Bank bought a new position in shares of McDonald's in the fourth quarter worth about $2,725,190,000. Finally, Northern Trust Corp grew 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 purchasing an additional 895,896 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of MCD stock traded down $2.90 during trading hours on Thursday, reaching $308.67. 1,480,119 shares of the stock were exchanged, compared to its average volume of 3,489,124. The business's fifty day moving average is $312.49 and its two-hundred day moving average is $302.34. McDonald's Co. has a 12-month low of $243.53 and a 12-month high of $326.32. The firm has a market capitalization of $220.71 billion, a P/E ratio of 27.10, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly 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 firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.70 earnings per share. As a group, equities research analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, June 2nd. McDonald's's payout ratio is currently 62.49%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was 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 directly owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the subject of a number of research reports. Piper Sandler upped their price objective on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. TD Securities reaffirmed a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research report on Thursday. Barclays increased 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. Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Morgan Stanley dropped their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Twelve investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's has an average rating of "Moderate Buy" and an average price target of $326.13.

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.