First Long Island Investors LLC Has $15.23 Million Stake in McDonald’s Co. (NYSE:MCD)

First Long Island Investors LLC increased its stake in shares of McDonald’s Co. (NYSE:MCD) by 16.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,021 shares of the fast-food giant’s stock after acquiring an additional 7,707 shares during the period. First Long Island Investors LLC’s holdings in McDonald’s were worth $15,231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roffman Miller Associates Inc. PA increased its stake in McDonald’s by 1.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 155,740 shares of the fast-food giant’s stock valued at $46,179,000 after buying an additional 2,546 shares during the last quarter. Shulman DeMeo Asset Management LLC increased its stake in McDonald’s by 12.2% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock valued at $312,000 after buying an additional 114 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of McDonald’s in the 4th quarter valued at about $4,286,000. Strait & Sound Wealth Management LLC bought a new position in shares of McDonald’s in the 4th quarter valued at about $211,000. Finally, First National Bank of Mount Dora Trust Investment Services grew its position in shares of McDonald’s by 2.8% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock valued at $3,269,000 after acquiring an additional 301 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Evercore ISI reissued an “outperform” rating and issued a $330.00 price objective on shares of McDonald’s in a research report on Wednesday, March 27th. JPMorgan Chase & Co. decreased their price objective on shares of McDonald’s from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Guggenheim reduced their target price on shares of McDonald’s from $315.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group began coverage on shares of McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.11.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The transaction was disclosed in a filing 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 that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The disclosure for this sale can be found here. Insiders sold a total of 5,593 shares of company stock worth $1,472,518 over the last quarter. Insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 1.7 %

MCD traded up $4.31 during trading on Thursday, reaching $254.80. 5,477,780 shares of the company’s stock were exchanged, compared to its average volume of 3,452,493. McDonald’s Co. has a one year low of $243.53 and a one year high of $302.39. The stock has a market capitalization of $183.63 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.79 and a beta of 0.71. The firm has a fifty day moving average price of $258.82 and a two-hundred day moving average price of $276.71.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the company posted $2.63 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts expect that McDonald’s Co. will post 12.19 earnings per share for the current year.

McDonald’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $1.67 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.62%. McDonald’s’s dividend payout ratio is currently 56.71%.

McDonald’s Profile

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.