Curbstone Financial Management Corp Purchases 154 Shares of McDonald’s Co. (NYSE:MCD)

Curbstone Financial Management Corp grew its position in shares of McDonald’s Co. (NYSE:MCD) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,126 shares of the fast-food giant’s stock after acquiring an additional 154 shares during the quarter. Curbstone Financial Management Corp’s holdings in McDonald’s were worth $1,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCD. Brighton Jones LLC increased its holdings in shares of McDonald’s by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant’s stock valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $64,805,000. Revolve Wealth Partners LLC boosted its position in shares of McDonald’s by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant’s stock valued at $563,000 after buying an additional 52 shares during the last quarter. Comprehensive Financial Planning Inc. PA purchased a new position in shares of McDonald’s during the fourth quarter valued at approximately $27,000. Finally, Soltis Investment Advisors LLC boosted its position in shares of McDonald’s by 2.7% during the fourth quarter. Soltis Investment Advisors LLC now owns 2,946 shares of the fast-food giant’s stock valued at $854,000 after buying an additional 77 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Down 1.5%

Shares of NYSE MCD opened at $300.25 on Wednesday. The firm has a market capitalization of $214.69 billion, a P/E ratio of 26.36, a P/E/G ratio of 3.10 and a beta of 0.56. The stock’s 50-day simple moving average is $311.79 and its two-hundred day simple moving average is $302.84. McDonald’s Co. has a twelve month low of $243.53 and a twelve month high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.67. The business had revenue of $5.96 billion for 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 period in the prior year, the company earned $2.70 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. McDonald’s’s dividend payout ratio is currently 62.49%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MCD shares. Redburn Atlantic reaffirmed a “sell” rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald’s in a research report on Tuesday. Morgan Stanley reissued an “equal weight” rating and issued a $324.00 price objective (down previously from $329.00) on shares of McDonald’s in a research report on Monday. Bank of America boosted their price objective on McDonald’s from $312.00 to $316.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Erste Group Bank cut McDonald’s from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, TD Securities reissued a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research report on Thursday, June 5th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $321.79.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the 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 transaction, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

McDonald’s Company 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.