Meyer Handelman Co. Buys 7,177 Shares of McDonald's Co. (NYSE:MCD)

Meyer Handelman Co. lifted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 116,685 shares of the fast-food giant's stock after purchasing an additional 7,177 shares during the quarter. McDonald's comprises about 1.2% of Meyer Handelman Co.'s holdings, making the stock its 27th largest holding. Meyer Handelman Co.'s holdings in McDonald's were worth $32,899,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Independent Wealth Network Inc. raised its stake in McDonald's by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant's stock valued at $256,000 after purchasing an additional 35 shares during the last quarter. Concentric Wealth Management LLC increased its stake in McDonald's by 1.4% in the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant's stock valued at $756,000 after purchasing an additional 35 shares during the last quarter. Paragon Capital Management Ltd lifted its position in McDonald's by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant's stock worth $407,000 after buying an additional 36 shares during the period. Mechanics Financial Corp grew its holdings in McDonald's by 0.7% in the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant's stock valued at $1,581,000 after buying an additional 36 shares during the period. Finally, FinTrust Capital Advisors LLC increased its stake in shares of McDonald's by 2.9% during the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant's stock valued at $376,000 after acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Stock Up 2.2 %

McDonald's stock traded up $5.59 during trading hours on Friday, hitting $259.39. 8,426,647 shares of the company traded hands, compared to its average volume of 3,222,010. McDonald's Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The firm has a market cap of $186.94 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.86 and a beta of 0.71. The firm's 50-day simple moving average is $264.43 and its two-hundred day simple moving average is $280.25.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald's had a net margin of 33.36% and a negative return on equity of 180.74%. McDonald's's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.63 EPS. On average, equities research analysts predict that McDonald's Co. will post 12.19 earnings per share for the current year.

McDonald's Announces Dividend

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

Insider Activity

In other news, EVP Jonathan Banner sold 800 shares of the firm's stock in a transaction dated 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 owns 19 shares in the company, valued at approximately $5,225.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the company's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company's stock, valued at $4,696,517.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jonathan Banner sold 800 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company's stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders sold a total of 2,997 shares of company stock worth $815,145 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research analyst reports. Argus reaffirmed a "hold" rating on shares of McDonald's in a research note on Monday, March 25th. JPMorgan Chase & Co. upped their price objective on shares of McDonald's from $290.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, June 3rd. TD Cowen reissued a "buy" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 13th. Erste Group Bank reissued a "hold" rating on shares of McDonald's in a report on Wednesday, April 3rd. Finally, Stifel Nicolaus reduced their target price on McDonald's from $315.00 to $300.00 and set a "hold" rating on the stock in a report on Thursday, April 11th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, McDonald's presently has an average rating of "Moderate Buy" and an average 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.