KLCM Advisors Inc. Raises Holdings in McDonald's Corporation (NYSE:MCD)

KLCM Advisors Inc. lifted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 26.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,653 shares of the fast-food giant's stock after buying an additional 969 shares during the quarter. KLCM Advisors Inc.'s holdings in McDonald's were worth $1,453,000 as of its most recent SEC filing.

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Other hedge funds have also recently modified their holdings of the company. First American Trust FSB boosted its stake in shares of McDonald's by 55.9% in the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after buying an additional 13,234 shares during the last quarter. Red Door Wealth Management LLC boosted its stake in shares of McDonald's by 1.9% in the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after buying an additional 109 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in McDonald's by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after purchasing an additional 18,393 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in McDonald's by 22.9% during the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Segment Wealth Management LLC boosted its position in McDonald's by 1.7% during the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock worth $17,078,000 after purchasing an additional 937 shares in the last quarter. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 976 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $303.50, for a total value of $296,216.00. Following the sale, the chief marketing officer directly owned 7,882 shares of the company's stock, valued at approximately $2,392,187. This trade represents a 11.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,280 shares of company stock valued at $2,215,178 over the last quarter. 0.25% of the stock is owned by insiders.

McDonald's Stock Performance

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NYSE:MCD opened at $304.82 on Thursday. McDonald's Corporation has a one year low of $268.50 and a one year high of $326.32. The stock has a market cap of $217.52 billion, a PE ratio of 26.12, a P/E/G ratio of 3.08 and a beta of 0.52. The stock has a 50 day moving average price of $298.03 and a 200 day moving average price of $304.74.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. The firm had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 earnings per share. As a group, analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio (DPR) is 60.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets reiterated an "outperform" rating and set a $350.00 price target (up previously from $345.00) on shares of McDonald's in a research report on Thursday, August 7th. Evercore ISI increased their price target on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Citigroup increased their price target on McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Finally, KeyCorp reiterated an "overweight" rating and set a $335.00 price target (up previously from $325.00) on shares of McDonald's in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $326.87.

View Our Latest Research Report on MCD

McDonald's 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.

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