Delta Investment Management LLC Purchases 174 Shares of McDonald’s Co. (NYSE:MCD)

Delta Investment Management LLC boosted its position in McDonald’s Co. (NYSE:MCD) by 7.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,587 shares of the fast-food giant’s stock after purchasing an additional 174 shares during the quarter. Delta Investment Management LLC’s holdings in McDonald’s were worth $729,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in McDonald’s by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock worth $20,473,811,000 after purchasing an additional 599,745 shares in the last quarter. Norges Bank purchased a new position in shares of McDonald’s in the 4th quarter worth about $2,684,899,000. Price T Rowe Associates Inc. MD raised its position in shares of McDonald’s by 15.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after purchasing an additional 987,099 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its position in shares of McDonald’s by 141,160.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock worth $1,664,521,000 after purchasing an additional 5,609,736 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of McDonald’s by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,425,674 shares of the fast-food giant’s stock worth $1,589,073,000 after purchasing an additional 35,639 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

MCD has been the subject of several recent analyst reports. Bank of America lowered their price target on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. KeyCorp lowered their price target on McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. BMO Capital Markets lowered their price target on McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Guggenheim lowered their price target on McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Finally, Morgan Stanley lowered their price target on McDonald’s from $312.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $310.00.

Insider Buying and Selling at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the sale, the executive vice president now owns 1,560 shares in the company, valued at $387,285.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $248.26, for a total value of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders have sold 5,593 shares of company stock worth $1,472,518 over the last quarter. 0.23% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

MCD stock traded down $1.46 during trading on Thursday, reaching $259.54. 3,416,141 shares of the company traded hands, compared to its average volume of 3,466,899. The company has a market capitalization of $187.05 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71. The business has a 50 day simple moving average of $257.63 and a 200 day simple moving average of $275.40. McDonald’s Co. has a 12 month low of $243.53 and a 12 month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly 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 net margin of 33.36% and a negative return on equity of 180.74%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.63 earnings per share. As a group, research analysts forecast that McDonald’s Co. will post 12.17 EPS for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $1.67 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 dividend on an annualized basis and a yield of 2.57%. McDonald’s’s dividend payout ratio is currently 56.71%.

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.