1,540 Shares in McDonald's Corporation (NYSE:MCD) Bought by Victrix Investment Advisors

Victrix Investment Advisors purchased a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,540 shares of the fast-food giant's stock, valued at approximately $454,000.

Several other institutional investors have also added to or reduced their stakes in MCD. Aviva PLC increased its position in shares of McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after acquiring an additional 23,024 shares during the period. Sagespring Wealth Partners LLC grew its stake in McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after purchasing an additional 3,212 shares during the last quarter. Segment Wealth Management LLC increased its holdings in shares of McDonald's by 1.7% in the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after purchasing an additional 937 shares during the period. Great Waters Wealth Management purchased a new position in shares of McDonald's in the first quarter worth about $864,000. Finally, APG Asset Management N.V. raised its stake in shares of McDonald's by 1,547.1% in the fourth quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock worth $179,715,000 after purchasing an additional 602,976 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of several research reports. Piper Sandler increased their price target on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. KeyCorp raised their target price on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Citigroup boosted their target price on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, McDonald's currently has an average rating of "Hold" and a consensus target price of $321.79.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the sale, the insider now owns 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 2,817 shares of company stock valued at $865,843. Corporate insiders own 0.25% of the company's stock.

McDonald's Trading Up 0.1%

NYSE:MCD opened at $285.79 on Friday. The stock has a 50 day moving average of $308.63 and a two-hundred day moving average of $302.49. McDonald's Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The firm has a market cap of $204.35 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the prior year, the company earned $2.70 EPS. The firm's revenue was down 3.5% compared to the same quarter last year. On average, research analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

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.

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