842 Shares in McDonald's Corporation (NYSE:MCD) Purchased by Keyvantage Wealth LLC

Key Points

• Keyvantage Wealth LLC acquired 842 shares of McDonald's Corporation, valued at approximately $263,000, marking a new position in the fast-food giant.
• McDonald's recently announced a quarterly dividend of $1.77 per share, set to be paid on September 16th, reflecting an annualized dividend yield of 2.37%.
• Wall Street analysts are mixed on McDonald's stock, with ratings ranging from two sell ratings to fourteen buy ratings, and an average target price of $322.00.

Keyvantage Wealth LLC acquired a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 842 shares of the fast-food giant's stock, valued at approximately $263,000.

Other large investors also recently made changes to their positions in the company. Mascagni Wealth Management Inc. bought a new stake in McDonald's in the 4th quarter valued at $25,000. Abound Financial LLC bought a new stake in McDonald's in the 1st quarter valued at $30,000. Pinney & Scofield Inc. bought a new stake in McDonald's in the 4th quarter valued at $29,000. Redmont Wealth Advisors LLC bought a new stake in McDonald's in the 1st quarter valued at $31,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in McDonald's in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Price Performance

Shares of NYSE MCD traded up $1.69 during mid-day trading on Wednesday, hitting $304.36. 1,307,181 shares of the stock traded hands, compared to its average volume of 3,586,943. McDonald's Corporation has a twelve month low of $262.40 and a twelve month high of $326.32. The company has a market cap of $217.63 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53. The firm has a 50 day simple moving average of $300.22 and a two-hundred day simple moving average of $303.25.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates 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 net margin of 31.75% and a negative return on equity of 195.27%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 EPS. On average, equities 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 will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is presently 62.49%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated 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 sale, 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. Over the last three months, insiders sold 3,817 shares of company stock valued at $1,147,992. Corporate insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MCD shares. Truist Financial increased their price target on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Citigroup increased their price objective on McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Barclays increased their price objective on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a research report on Thursday, July 10th. Finally, Melius began coverage on McDonald's in a research report on Monday, July 14th. They set a "sell" rating and a $250.00 price objective on the stock. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, McDonald's has a consensus rating of "Hold" and a consensus price target of $322.00.

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.