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% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,126 shares of the fast-food giant’s stock after buying an additional 154 shares during the period. Curbstone Financial Management Corp’s holdings in McDonald’s were worth $1,601,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MCD. Norges Bank acquired a new stake in shares of McDonald’s during the 4th quarter worth $2,725,190,000. GAMMA Investing LLC grew its holdings in shares of McDonald’s by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant’s stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of McDonald’s during the 4th quarter worth $703,074,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth $350,935,000. Finally, Northern Trust Corp grew its holdings in shares of McDonald’s by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant’s stock worth $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCD has been the topic of several research analyst reports. Wedbush raised their price objective on McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. TD Securities reaffirmed a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research note on Thursday, June 5th. BTIG Research reaffirmed a “neutral” rating on shares of McDonald’s in a research note on Tuesday, April 22nd. 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, BMO Capital Markets reaffirmed an “outperform” rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $321.79.

McDonald’s Price Performance

Shares of MCD opened at $300.25 on Wednesday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The company has a market capitalization of $214.69 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The business has a 50-day moving average of $311.79 and a 200-day moving average of $302.84.

McDonald’s (NYSE:MCD) last issued 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 during the quarter, compared to the consensus estimate of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.70 earnings per share. As a group, sell-side analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current 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 issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. McDonald’s’s payout ratio is currently 62.49%.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 939 shares of McDonald’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the sale, the insider now directly owns 12,100 shares in the company, valued at approximately $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

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.