Atwater Malick LLC Boosts Position in McDonald’s Co. (NYSE:MCD)

by · The Cerbat Gem

Atwater Malick LLC grew its holdings in shares of McDonald’s Co. (NYSE:MCD – Free Report) by 2.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,181 shares of the fast-food giant’s stock after buying an additional 932 shares during the period. McDonald’s makes up 4.1% of Atwater Malick LLC’s investment portfolio, making the stock its 8th largest holding. Atwater Malick LLC’s holdings in McDonald’s were worth $12,239,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mattern Capital Management LLC lifted its holdings in shares of McDonald’s by 2.0% in the 4th quarter. Mattern Capital Management LLC now owns 30,110 shares of the fast-food giant’s stock worth $8,729,000 after purchasing an additional 579 shares in the last quarter. Bell Bank lifted its holdings in shares of McDonald’s by 3.0% in the 4th quarter. Bell Bank now owns 12,699 shares of the fast-food giant’s stock worth $3,681,000 after purchasing an additional 371 shares in the last quarter. YANKCOM Partnership bought a new position in shares of McDonald’s in the 4th quarter worth $1,628,000. Integral Investment Advisors Inc. lifted its holdings in shares of McDonald’s by 2.6% in the 4th quarter. Integral Investment Advisors Inc. now owns 6,512 shares of the fast-food giant’s stock worth $1,888,000 after purchasing an additional 164 shares in the last quarter. Finally, Aviva PLC lifted its holdings in shares of McDonald’s by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant’s stock worth $125,350,000 after purchasing an additional 23,024 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $345.00 target price (up from $340.00) on shares of McDonald’s in a report on Monday, May 5th. Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. Bank of America raised their price objective on McDonald’s from $312.00 to $316.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. KeyCorp raised their price objective on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Finally, TD Securities restated a “hold” rating and set a $305.00 price objective on shares of McDonald’s in a research note on Thursday. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $326.13.

Get Our Latest Stock Analysis on McDonald’s

McDonald’s Stock Down 0.9%

MCD stock opened at $308.76 on Friday. The firm has a market capitalization of $220.78 billion, a PE ratio of 27.11, a PEG ratio of 3.10 and a beta of 0.56. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32. The stock has a 50-day simple moving average of $312.41 and a two-hundred day simple moving average of $302.46.

McDonald’s (NYSE:MCD – Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.70 EPS. On average, equities research analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

About McDonald’s

(Free Report)

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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