Aurora Private Wealth Inc. Has $17.18 Million Holdings in McDonald's Corporation (NYSE:MCD)

Aurora Private Wealth Inc. increased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 1,298.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,008 shares of the fast-food giant's stock after buying an additional 51,075 shares during the period. Aurora Private Wealth Inc.'s holdings in McDonald's were worth $17,183,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's during the fourth quarter worth $25,000. Atala Financial Inc bought a new position in McDonald's in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC increased its position in shares of McDonald's by 110.0% during the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's during the fourth quarter worth $30,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Price Performance

Shares of NYSE MCD opened at $291.50 on Wednesday. The company has a 50 day simple moving average of $309.60 and a 200 day simple moving average of $302.72. McDonald's Corporation has a 1 year low of $243.53 and a 1 year high of $326.32. The firm has a market cap of $208.43 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 3.02 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly 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. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MCD. Truist Financial set a $350.00 price target on McDonald's in a report on Friday, May 2nd. 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. Piper Sandler upped their price target on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Morgan Stanley reissued an "equal weight" rating and issued a $324.00 price objective (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Finally, Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $321.79.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the sale, the insider now owns 10,222 shares in the company, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is currently owned by company insiders.

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.

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