Counterweight Ventures LLC Takes $336,000 Position in McDonald's Corporation (NYSE:MCD)

Counterweight Ventures LLC bought a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,076 shares of the fast-food giant's stock, valued at approximately $336,000.

Other hedge funds also recently modified their holdings of the company. Granite Bay Wealth Management LLC boosted its stake in McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after buying an additional 33 shares during the last quarter. CVA Family Office LLC raised its holdings in shares of McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after buying an additional 33 shares during the period. Consilium Wealth Advisory LLC grew its stake in McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares in the last quarter. Northeast Financial Consultants Inc boosted its position in McDonald's by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after acquiring an additional 34 shares in the last quarter. Finally, Tealwood Asset Management Inc. boosted its position in McDonald's by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. BTIG Research restated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Robert W. Baird upped their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Redburn Atlantic reissued a "sell" rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Finally, Citigroup increased their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $322.00.

McDonald's Trading Down 0.3%

MCD traded down $1.03 during mid-day trading on Wednesday, hitting $298.14. 726,138 shares of the stock were exchanged, compared to its average volume of 3,515,032. The firm's fifty day moving average is $302.50 and its two-hundred day moving average is $302.88. McDonald's Corporation has a 1-year low of $246.12 and a 1-year high of $326.32. The company has a market cap of $213.18 billion, a PE ratio of 26.28, a PEG ratio of 3.10 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.70 EPS. As a group, research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.37%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the sale, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,878 shares of company stock valued at $866,771 over the last three months. 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.