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

Elyxium Wealth LLC purchased a new stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,984 shares of the fast-food giant's stock, valued at approximately $620,000.

Several other large investors have also bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after buying an additional 52 shares during the period. Bank Pictet & Cie Europe AG grew its stake in McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock valued at $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC lifted its holdings in shares of McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after purchasing an additional 136 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of McDonald's by 50.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,038 shares of the fast-food giant's stock worth $591,000 after buying an additional 686 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Stock Down 0.4%

Shares of NYSE MCD traded down $1.15 during midday trading on Wednesday, reaching $298.02. The company had a trading volume of 726,138 shares, compared to its average volume of 3,515,015. McDonald's Corporation has a one year low of $246.12 and a one year high of $326.32. The stock has a market cap of $213.09 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53. The firm's fifty day moving average price is $302.50 and its 200-day moving average price is $302.88.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (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 for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the prior year, the firm earned $2.70 EPS. The firm's revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. McDonald's's dividend payout ratio is presently 62.49%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and cut their price target for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Melius started coverage on McDonald's in a report on Monday, July 14th. They set a "sell" rating and a $250.00 target price on the stock. Barclays upped their price objective on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $322.00.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were 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 owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,878 shares of company stock valued at $866,771. Company 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.