Persium Advisors LLC Buys 55 Shares of McDonald’s Co. (NYSE:MCD)

Persium Advisors LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,864 shares of the fast-food giant’s stock after acquiring an additional 55 shares during the quarter. Persium Advisors LLC’s holdings in McDonald’s were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MCD. Stokes Capital Advisors LLC raised its holdings in shares of McDonald’s by 7.4% during the 1st quarter. Stokes Capital Advisors LLC now owns 36,525 shares of the fast-food giant’s stock worth $11,409,000 after buying an additional 2,509 shares in the last quarter. Tealwood Asset Management Inc. raised its holdings in shares of McDonald’s by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock worth $2,535,000 after buying an additional 34 shares in the last quarter. First Affirmative Financial Network acquired a new position in shares of McDonald’s during the 1st quarter worth $250,000. Butensky & Cohen Financial Security Inc. raised its holdings in shares of McDonald’s by 97.1% during the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 17,025 shares of the fast-food giant’s stock worth $5,318,000 after buying an additional 8,387 shares in the last quarter. Finally, Radnor Capital Management LLC raised its holdings in shares of McDonald’s by 5.5% during the 1st quarter. Radnor Capital Management LLC now owns 4,574 shares of the fast-food giant’s stock worth $1,429,000 after buying an additional 240 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 have recently commented on MCD shares. Wedbush boosted their price target on McDonald’s from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a research report on Tuesday, April 22nd. Morgan Stanley dropped their target price on McDonald’s from $340.00 to $335.00 and set an “overweight” rating for the company in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. increased their target price on McDonald’s from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Thirteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $324.96.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now owns 11,161 shares of the company’s stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

McDonald’s Price Performance

NYSE MCD opened at $307.44 on Friday. The business has a 50 day simple moving average of $312.29 and a 200 day simple moving average of $302.57. McDonald’s Co. has a one year low of $243.53 and a one year high of $326.32. The stock has a market capitalization of $219.83 billion, a P/E ratio of 26.99, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald’s (NYSE:MCD) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter last year, the firm posted $2.70 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. Equities analysts expect that McDonald’s Co. will post 12.25 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.30%. McDonald’s’s dividend payout ratio is currently 62.49%.

About McDonald’s

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.