Peregrine Asset Advisers Inc. Buys 401 Shares of McDonald’s Co. (NYSE:MCD)

Peregrine Asset Advisers Inc. lifted its holdings in McDonald’s Co. (NYSE:MCD) by 20.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,354 shares of the fast-food giant’s stock after purchasing an additional 401 shares during the period. Peregrine Asset Advisers Inc.’s holdings in McDonald’s were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of McDonald’s by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock worth $18,032,353,000 after purchasing an additional 262,147 shares during the period. Northern Trust Corp lifted its stake in shares of McDonald’s by 1.7% in the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after purchasing an additional 151,161 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of McDonald’s by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,390,035 shares of the fast-food giant’s stock worth $1,401,570,000 after purchasing an additional 237,532 shares during the period. Ameriprise Financial Inc. increased its holdings in McDonald’s by 4.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,593,760 shares of the fast-food giant’s stock worth $1,209,171,000 after acquiring an additional 199,657 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in McDonald’s by 0.7% in the 4th quarter. California Public Employees Retirement System now owns 3,911,764 shares of the fast-food giant’s stock worth $1,159,877,000 after acquiring an additional 26,147 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

McDonald’s Price Performance

NYSE:MCD traded down $1.02 during trading hours on Monday, reaching $269.30. The company had a trading volume of 2,478,555 shares, compared to its average volume of 3,311,579. McDonald’s Co. has a 1-year low of $245.73 and a 1-year high of $302.39. The firm has a market cap of $194.17 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. The business’s 50 day moving average price is $278.97 and its 200-day moving average price is $282.83.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.54%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 earnings per share. On average, analysts expect that McDonald’s Co. will post 12.18 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the sale, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the sale, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MCD. Guggenheim reduced their target price on shares of McDonald’s from $325.00 to $315.00 and set a “buy” rating for the company in a report on Thursday. Wedbush reduced their target price on shares of McDonald’s from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Morgan Stanley reduced their target price on shares of McDonald’s from $327.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Robert W. Baird reduced their target price on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, StockNews.com lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $317.74.

About McDonald’s

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.