Thurston Springer Miller Herd & Titak Inc. Has $4.96 Million Holdings in McDonald's Co. (NYSE:MCD)

Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,868 shares of the fast-food giant's stock after purchasing an additional 2,969 shares during the quarter. McDonald's accounts for approximately 0.8% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 20th biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in McDonald's were worth $4,957,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Granite Bay Wealth Management LLC increased its stake in McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after acquiring an additional 33 shares during the period. Northeast Financial Consultants Inc grew its holdings in shares of McDonald's by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after purchasing an additional 34 shares in the last quarter. Pettee Investors Inc. increased its position in shares of McDonald's by 0.7% during the fourth quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock valued at $1,566,000 after purchasing an additional 35 shares during the period. Covestor Ltd raised its stake in shares of McDonald's by 4.1% in the fourth quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after purchasing an additional 35 shares in the last quarter. Finally, Blue Barn Wealth LLC lifted its position in McDonald's by 4.3% in the fourth quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock worth $252,000 after purchasing an additional 36 shares during the period. 70.29% of the stock is owned by institutional investors.

McDonald's Price Performance

Shares of McDonald's stock traded down $1.54 during trading on Friday, hitting $307.44. 2,621,006 shares of the company were exchanged, compared to its average volume of 3,492,078. The firm has a market capitalization of $219.83 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The firm's fifty day moving average price is $312.41 and its 200 day moving average price is $302.46. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.70 earnings per share. As a group, equities research analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.30%. McDonald's's dividend payout ratio is presently 62.49%.

Analyst Ratings Changes

Several brokerages have issued reports on MCD. BTIG Research reissued a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Bank of America upped their target price on shares of McDonald's from $312.00 to $316.00 and gave the company a "neutral" rating in a research note on Tuesday, February 11th. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $346.00 to $315.00 in a research note on Friday. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Wedbush boosted their price target on shares of McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Thirteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, McDonald's currently has an average rating of "Moderate Buy" and an average target price of $324.96.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the sale, the insider now owns 12,100 shares of the company's stock, valued at $3,853,850. This represents a 7.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.25% of the company's stock.

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.