952 Shares in McDonald’s Co. (NYSE:MCD) Purchased by Norris Perne & French LLP MI

Norris Perne & French LLP MI purchased a new position in shares of McDonald’s Co. (NYSE:MCD) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 952 shares of the fast-food giant’s stock, valued at approximately $268,000.

A number of other large investors have also recently made changes to their positions in MCD. LaSalle St. Investment Advisors LLC boosted its stake in shares of McDonald’s by 3.0% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock worth $437,000 after purchasing an additional 48 shares during the period. Gotham Asset Management LLC boosted its stake in shares of McDonald’s by 43.8% during the 3rd quarter. Gotham Asset Management LLC now owns 34,762 shares of the fast-food giant’s stock worth $9,158,000 after purchasing an additional 10,583 shares during the period. First Dallas Securities Inc. lifted its holdings in McDonald’s by 3.9% during the 3rd quarter. First Dallas Securities Inc. now owns 4,354 shares of the fast-food giant’s stock valued at $1,147,000 after buying an additional 163 shares in the last quarter. Waverly Advisors LLC lifted its holdings in McDonald’s by 8.4% during the 3rd quarter. Waverly Advisors LLC now owns 4,957 shares of the fast-food giant’s stock valued at $1,306,000 after buying an additional 383 shares in the last quarter. Finally, United Services Automobile Association lifted its holdings in McDonald’s by 12.6% during the 3rd quarter. United Services Automobile Association now owns 19,744 shares of the fast-food giant’s stock valued at $5,201,000 after buying an additional 2,204 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Trading Down 1.3 %

NYSE:MCD opened at $254.84 on Friday. The company has a market cap of $183.66 billion, a PE ratio of 21.63, a P/E/G ratio of 2.87 and a beta of 0.71. McDonald’s Co. has a twelve month low of $245.73 and a twelve month high of $302.39. The company’s 50 day moving average is $263.31 and its two-hundred day moving average is $279.19.

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

McDonald’s Dividend Announcement

The firm 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. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Monday, June 3rd. McDonald’s’s dividend payout ratio (DPR) is currently 56.71%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $265.13, for a total value of $291,377.87. Following the sale, the insider now directly owns 15,878 shares of the company’s stock, valued at approximately $4,209,734.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders have sold 4,095 shares of company stock valued at $1,100,625 in the last ninety days. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price objective on shares of McDonald’s from $315.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Evercore ISI reiterated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Citigroup decreased their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. BMO Capital Markets decreased their price objective on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, Argus restated a “hold” rating on shares of McDonald’s in a report on Monday, March 25th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $315.14.

McDonald’s Company 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.