Triglav Skladi D.O.O. Acquires New Position in McDonald's Co. (NYSE:MCD)

Triglav Skladi D.O.O. purchased a new stake in McDonald's Co. (NYSE:MCD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 18,755 shares of the fast-food giant's stock, valued at approximately $5,437,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Northeast Financial Consultants Inc lifted its position in McDonald's by 0.5% in the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after purchasing an additional 34 shares during the last quarter. Pettee Investors Inc. lifted its position in McDonald's by 0.7% in the 4th 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 last quarter. Covestor Ltd lifted its position in McDonald's by 4.1% in the 4th quarter. Covestor Ltd now owns 899 shares of the fast-food giant's stock valued at $261,000 after purchasing an additional 35 shares during the last quarter. Independent Wealth Network Inc. lifted its position in McDonald's by 5.1% in the 4th quarter. Independent Wealth Network Inc. now owns 736 shares of the fast-food giant's stock valued at $213,000 after purchasing an additional 36 shares during the last quarter. Finally, Blue Barn Wealth LLC lifted its position in McDonald's by 4.3% in the 4th quarter. Blue Barn Wealth LLC now owns 871 shares of the fast-food giant's stock valued at $252,000 after purchasing an additional 36 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at McDonald's

In related news, EVP Tiffanie L. Boyd sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $309.27, for a total transaction of $309,270.00. Following the transaction, the executive vice president now directly owns 5,564 shares of the company's stock, valued at approximately $1,720,778.28. The trade was a 15.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,276 shares of company stock valued at $4,419,385 over the last ninety days. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MCD. Erste Group Bank upgraded shares of McDonald's from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Bank of America boosted their price target on shares of McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. TD Securities restated a "hold" rating and set a $300.00 price target on shares of McDonald's in a research report on Monday, February 10th. Robert W. Baird boosted their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Citigroup boosted their price target on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Eleven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $325.91.

McDonald's Stock Up 0.1%

Shares of McDonald's stock traded up $0.34 during trading on Friday, hitting $314.65. The stock had a trading volume of 2,701,517 shares, compared to its average volume of 3,544,625. The stock has a 50 day simple moving average of $311.68 and a 200 day simple moving average of $301.44. The company has a market capitalization of $224.99 billion, a PE ratio of 27.63, a P/E/G ratio of 3.10 and a beta of 0.57. 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 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 business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $2.70 earnings per share. As a group, equities analysts expect that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 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.