1,807 Shares in McDonald's Corporation (NYSE:MCD) Acquired by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. acquired a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,807 shares of the fast-food giant's stock, valued at approximately $564,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Red Door Wealth Management LLC increased its holdings in McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after buying an additional 109 shares during the last quarter. Aviva PLC increased its holdings in McDonald's by 5.6% during the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after buying an additional 23,024 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in McDonald's by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after buying an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC increased its holdings in McDonald's by 22.9% during the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after buying an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC increased its holdings in McDonald's by 1.7% during the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock worth $17,078,000 after buying an additional 937 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,817 shares of company stock worth $1,165,843. 0.25% of the stock is owned by insiders.

McDonald's Stock Up 0.5%

Shares of MCD opened at $299.80 on Monday. The business has a fifty day moving average of $304.11 and a 200 day moving average of $302.59. McDonald's Corporation has a 52-week low of $246.12 and a 52-week high of $326.32. The company has a market cap of $214.37 billion, a PE ratio of 26.46, a P/E/G ratio of 3.13 and a beta of 0.53.

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

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. McDonald's's dividend payout ratio is currently 62.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MCD shares. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a research report on Thursday. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Citigroup upped their price objective on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $319.40.

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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