Foster Group Inc. Has $2.79 Million Holdings in McDonald’s Co. (NYSE:MCD)

Foster Group Inc. increased its position in shares of McDonald’s Co. (NYSE:MCD) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,936 shares of the fast-food giant’s stock after buying an additional 300 shares during the period. Foster Group Inc.’s holdings in McDonald’s were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vest Financial LLC increased its stake in shares of McDonald’s by 7.0% during the 1st quarter. Vest Financial LLC now owns 207,504 shares of the fast-food giant’s stock worth $64,818,000 after purchasing an additional 13,549 shares during the last quarter. Annex Advisory Services LLC grew its holdings in McDonald’s by 9.3% during the first quarter. Annex Advisory Services LLC now owns 3,667 shares of the fast-food giant’s stock worth $1,146,000 after purchasing an additional 312 shares during the period. Breakwater Capital Group increased its position in McDonald’s by 14.4% during the first quarter. Breakwater Capital Group now owns 1,427 shares of the fast-food giant’s stock worth $446,000 after buying an additional 180 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in McDonald’s by 23.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 15,868 shares of the fast-food giant’s stock valued at $4,957,000 after buying an additional 2,969 shares during the period. Finally, Steigerwald Gordon & Koch Inc. lifted its position in shares of McDonald’s by 7.7% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 1,448 shares of the fast-food giant’s stock valued at $452,000 after buying an additional 103 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 939 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares in the company, valued at $3,853,850. This represents a 7.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $345.00 target price (up from $340.00) on shares of McDonald’s in a report on Monday, May 5th. BTIG Research reiterated a “neutral” rating on shares of McDonald’s in a report on Tuesday, April 22nd. TD Securities reissued a “hold” rating and issued a $305.00 price objective on shares of McDonald’s in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Wedbush increased their price target on shares of McDonald’s from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Twelve investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $326.13.

McDonald’s Price Performance

Shares of NYSE:MCD opened at $308.76 on Friday. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $326.32. The stock has a market capitalization of $220.78 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56. The company’s 50 day simple moving average is $312.41 and its 200 day simple moving average is $302.46.

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, meeting analysts’ consensus estimates of $2.67. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the business posted $2.70 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s Co. will post 12.25 EPS for the current fiscal year.

McDonald’s Dividend Announcement

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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald’s’s payout ratio is 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.