Silvercrest Asset Management Group LLC Has $22.33 Million Stake in McDonald's Co. (NYSE:MCD)

Silvercrest Asset Management Group LLC increased its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 56.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,028 shares of the fast-food giant's stock after purchasing an additional 27,686 shares during the period. Silvercrest Asset Management Group LLC's holdings in McDonald's were worth $22,330,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 valued at $20,341,391,000 after buying an additional 526,466 shares during the period. Geode Capital Management LLC raised its position in 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 acquiring an additional 157,458 shares in the last quarter. Capital Research Global Investors raised its position in 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 acquiring an additional 531,070 shares in the last quarter. Norges Bank acquired a new stake in McDonald's in the 4th quarter valued at about $2,725,190,000. Finally, Northern Trust Corp boosted its position in shares of McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the business's 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 transaction, the insider now owns 12,100 shares of the company's stock, valued at approximately $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Manuel Jm Steijaert sold 10,459 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $308.71, for a total transaction of $3,228,797.89. Following the completion of the sale, the executive vice president now owns 4,606 shares in the company, valued at $1,421,918.26. This represents a 69.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,436 shares of company stock valued at $4,458,290. Insiders own 0.25% of the company's stock.

McDonald's Stock Performance

Shares of NYSE MCD traded down $1.35 during trading hours on Thursday, hitting $315.10. The stock had a trading volume of 1,018,386 shares, compared to its average volume of 3,543,520. The company has a market capitalization of $225.30 billion, a P/E ratio of 27.65, a P/E/G ratio of 3.10 and a beta of 0.57. The firm's 50-day moving average price is $311.25 and its two-hundred day moving average price is $301.18. McDonald's Co. has a 52 week low of $243.53 and a 52 week 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 EPS for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion during 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 company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. As a group, analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.25%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analyst Ratings Changes

A number of research firms recently commented on MCD. JPMorgan Chase & Co. boosted their target price on shares of McDonald's from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Citigroup lifted 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. 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 report on Monday, March 17th. TD Securities reissued a "hold" rating and set a $300.00 price objective on shares of McDonald's in a research note on Monday, February 10th. Finally, Bank of America lifted their target price on McDonald's from $312.00 to $316.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Eleven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $325.91.

McDonald's Company 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.