UMB Bank n.a. Sells 2,906 Shares of McDonald's Co. (NYSE:MCD)

UMB Bank n.a. lowered its stake in McDonald's Co. (NYSE:MCD - Free Report) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 131,646 shares of the fast-food giant's stock after selling 2,906 shares during the quarter. UMB Bank n.a.'s holdings in McDonald's were worth $41,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perennial Advisors LLC lifted its stake in McDonald's by 0.9% in the first quarter. Perennial Advisors LLC now owns 26,943 shares of the fast-food giant's stock valued at $8,416,000 after acquiring an additional 229 shares during the last quarter. Orrstown Financial Services Inc. increased its position in McDonald's by 3.2% during the first quarter. Orrstown Financial Services Inc. now owns 3,199 shares of the fast-food giant's stock worth $999,000 after buying an additional 98 shares during the last quarter. Sivia Capital Partners LLC increased its position in McDonald's by 4.1% during the first quarter. Sivia Capital Partners LLC now owns 1,811 shares of the fast-food giant's stock worth $566,000 after buying an additional 72 shares during the last quarter. First City Capital Management Inc. raised its stake in McDonald's by 8.9% in the first quarter. First City Capital Management Inc. now owns 2,839 shares of the fast-food giant's stock valued at $887,000 after buying an additional 233 shares during the period. Finally, Piscataqua Savings Bank lifted its position in shares of McDonald's by 23.6% in the first quarter. Piscataqua Savings Bank now owns 3,954 shares of the fast-food giant's stock valued at $1,235,000 after buying an additional 754 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on McDonald's from $340.00 to $335.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. upped their price target on shares of McDonald's from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Finally, Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $324.96.

McDonald's Trading Down 0.5%

Shares of MCD stock opened at $307.44 on Friday. The firm has a market capitalization of $219.83 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 3.10 and a beta of 0.56. The business's 50-day moving average price is $312.29 and its 200-day moving average price is $302.66. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the firm posted $2.70 EPS. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts predict that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.30%. McDonald's's payout ratio is 62.49%.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm'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 transaction of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

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.

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