McDonald's Co. (NYSE:MCD) Shares Acquired by American National Bank

American National Bank boosted its position in shares of McDonald's Co. (NYSE:MCD - Free Report) by 27.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,593 shares of the fast-food giant's stock after purchasing an additional 4,010 shares during the period. American National Bank's holdings in McDonald's were worth $5,242,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MCD. Signature Resources Capital Management LLC purchased a new stake in McDonald's in the 4th quarter valued at about $31,000. Spartan Planning & Wealth Management purchased a new stake in McDonald's in the 3rd quarter valued at about $33,000. Clear Investment Research LLC purchased a new stake in McDonald's in the 4th quarter valued at about $38,000. Keener Financial Planning LLC purchased a new stake in McDonald's in the 4th quarter valued at about $39,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in McDonald's in the 4th quarter valued at about $39,000. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm'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 value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company's stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm'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 value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company's stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jonathan Banner sold 800 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 19 shares of the company's stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,997 shares of company stock valued at $815,145. 0.23% of the stock is currently owned by company insiders.

McDonald's Stock Up 2.2 %

Shares of MCD traded up $5.59 during trading on Friday, reaching $259.39. 8,194,200 shares of the company traded hands, compared to its average volume of 3,385,125. McDonald's Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The stock has a market cap of $186.94 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. The stock has a 50-day simple moving average of $264.43 and a 200-day simple moving average of $280.29.

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 for the quarter, missing analysts' consensus estimates 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 company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the prior year, the business earned $2.63 earnings per share. McDonald's's revenue was up 4.6% on a year-over-year basis. On average, equities research analysts predict that McDonald's Co. will post 12.19 EPS for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald's's payout ratio is 56.71%.

Wall Street Analyst Weigh In

MCD has been the subject of several research reports. Guggenheim lowered their price objective on shares of McDonald's from $325.00 to $315.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. The Goldman Sachs Group assumed coverage on shares of McDonald's in a research report on Thursday, June 13th. They issued a "neutral" rating and a $288.00 price target for the company. Morgan Stanley lowered their price target on shares of McDonald's from $327.00 to $320.00 and set an "overweight" rating for the company in a research report on Friday, April 12th. Erste Group Bank reiterated a "hold" rating on shares of McDonald's in a research note on Wednesday, April 3rd. Finally, Robert W. Baird cut 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 analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, McDonald's has a consensus rating of "Moderate Buy" and a consensus price target of $315.14.

About McDonald's

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.