Elyxium Wealth LLC Invests $620,000 in McDonald's Corporation (NYSE:MCD)

Elyxium Wealth LLC acquired a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,984 shares of the fast-food giant's stock, valued at approximately $620,000.

A number of other hedge funds have also recently made changes to their positions in MCD. Granite Bay Wealth Management LLC boosted its stake in shares of 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 worth $309,000 after buying an additional 33 shares during the period. CVA Family Office LLC lifted its position in shares of McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after acquiring an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC boosted its holdings in shares of McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after buying an additional 33 shares during the period. Northeast Financial Consultants Inc lifted its holdings in shares of 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 worth $2,170,000 after acquiring an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. increased its position in McDonald's by 0.4% in 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. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Piper Sandler lifted their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Truist Financial boosted their price target on McDonald's from $350.00 to $356.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and cut their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. Finally, Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $319.72.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider directly owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,817 shares of company stock valued at $1,165,843. 0.25% of the stock is owned by insiders.

McDonald's Trading Down 0.5%

NYSE MCD traded down $1.45 on Monday, reaching $295.62. 3,036,371 shares of the stock were exchanged, compared to its average volume of 3,526,311. The firm has a market capitalization of $211.38 billion, a PE ratio of 26.09, a PEG ratio of 3.07 and a beta of 0.53. The company's 50-day simple moving average is $302.50 and its two-hundred day simple moving average is $302.88. McDonald's Corporation has a one year low of $246.12 and a one year high of $326.32.

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. The firm had revenue of $5.96 billion during 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 revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.70 EPS. Sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.39%. McDonald's's payout ratio is presently 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.