McDonald's Co. (NYSE:MCD) Stock Holdings Increased by Cwm LLC

CWM LLC boosted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,093 shares of the fast-food giant's stock after acquiring an additional 7,100 shares during the period. CWM LLC's holdings in McDonald's were worth $19,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in McDonald's by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant's stock valued at $20,473,811,000 after purchasing an additional 599,745 shares during the period. Northern Trust Corp increased its stake in McDonald's by 1.7% in the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant's stock valued at $2,423,773,000 after purchasing an additional 151,161 shares during the period. Norges Bank acquired a new position in McDonald's in the fourth quarter valued at $2,684,899,000. Price T Rowe Associates Inc. MD increased its stake in McDonald's by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant's stock valued at $2,178,474,000 after purchasing an additional 987,099 shares during the period. Finally, Gallagher Fiduciary Advisors LLC increased its stake in McDonald's by 141,160.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant's stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the period. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Price Performance

Shares of NYSE MCD traded down $2.72 on Wednesday, hitting $250.79. The company's stock had a trading volume of 2,956,314 shares, compared to its average volume of 3,367,109. McDonald's Co. has a 12-month low of $245.73 and a 12-month high of $302.39. The company has a market capitalization of $180.74 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.85 and a beta of 0.71. The stock has a 50 day moving average of $264.89 and a 200-day moving average of $280.67.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald's had a net margin of 33.36% and a negative return on equity of 180.74%. The business had revenue of $6.17 billion during the quarter, compared to analysts' expectations of $6.16 billion. During the same period last year, the company earned $2.63 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts expect that McDonald's Co. will post 12.19 EPS for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Monday, June 3rd. McDonald's's payout ratio is 56.71%.

Analyst Ratings Changes

A number of research analysts have commented on MCD shares. Evercore ISI restated an "outperform" rating and issued a $330.00 price objective on shares of McDonald's in a research note on Wednesday, March 27th. Bank of America dropped their price target on shares of McDonald's from $302.00 to $288.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 28th. Stifel Nicolaus dropped their price target on shares of McDonald's from $315.00 to $300.00 and set a "hold" rating on the stock in a research note on Thursday, April 11th. Erste Group Bank reiterated a "hold" rating on shares of McDonald's in a research note on Wednesday, April 3rd. Finally, Robert W. Baird dropped their price target on shares of McDonald's from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 1st. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $315.14.

Insider Activity at McDonald's

In related news, EVP Jonathan Banner sold 800 shares of the company's stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now owns 19 shares of the company's stock, valued at $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph M. Erlinger sold 1,098 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares of the company's stock, valued at $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares in the company, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,096 shares of company stock valued at $1,127,678. Company insiders own 0.23% of the company's stock.

McDonald's Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.