Balance Wealth LLC Makes New $271,000 Investment in McDonald's Corporation (NYSE:MCD)

Balance Wealth LLC purchased a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 868 shares of the fast-food giant's stock, valued at approximately $271,000.

Other large investors have also modified their holdings of the company. Granite Bay Wealth Management LLC boosted its holdings 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 purchasing an additional 33 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC boosted its holdings in shares of McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares during the last quarter. Northeast Financial Consultants Inc boosted its holdings in shares of McDonald's by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after purchasing an additional 34 shares during the last quarter. Finally, Tealwood Asset Management Inc. boosted its holdings in shares of McDonald's by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MCD. Barclays lifted their target price on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 target price (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Redburn Atlantic reiterated a "sell" rating and issued a $260.00 target price (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and reduced their target price for the company from $346.00 to $315.00 in a report on Friday, June 6th. Finally, Robert W. Baird boosted their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $321.79.

McDonald's Stock Up 2.2%

Shares of NYSE:MCD traded up $6.31 during trading on Friday, hitting $291.94. 7,416,108 shares of the company traded hands, compared to its average volume of 3,547,534. The stock has a market capitalization of $208.74 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.98 and a beta of 0.56. The business's fifty day moving average is $308.26 and its 200-day moving average is $302.43. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The business 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 business's revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 earnings per share. On average, analysts forecast 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 was paid on Monday, June 16th. Stockholders 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 annualized dividend and a dividend yield of 2.43%. McDonald's's dividend payout ratio is presently 62.49%.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 2,817 shares of company stock worth $865,843. Company insiders own 0.25% of the company's stock.

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.