Baldwin Investment Management LLC Purchases 2,391 Shares of McDonald's Corporation (NYSE:MCD)

Key Points

• Baldwin Investment Management LLC has increased its holdings in McDonald's Corporation by 42.6% during the 1st quarter, buying an additional 2,391 shares, bringing its total to 8,006 shares valued at $2,501,000.
• Institutional investors now own 70.29% of McDonald's stock, with several firms recently acquiring new stakes during the 4th quarter.
• McDonald's has declared a quarterly dividend of $1.77 per share, which will yield an annualized dividend of $7.08 and a dividend yield of 2.37%.

Baldwin Investment Management LLC raised its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 42.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,006 shares of the fast-food giant's stock after buying an additional 2,391 shares during the period. Baldwin Investment Management LLC's holdings in McDonald's were worth $2,501,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's in the fourth quarter worth about $25,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's in the fourth quarter worth about $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's in the fourth quarter worth about $30,000. Abound Financial LLC bought a new stake in McDonald's during the first quarter valued at about $30,000. Finally, Copia Wealth Management bought a new stake in McDonald's during the fourth quarter valued at about $31,000. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,817 shares of company stock valued at $1,147,992. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Truist Financial increased their price target on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target on the stock in a research note on Thursday, July 10th. Finally, Piper Sandler increased their price target on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $322.00.

McDonald's Stock Up 0.3%

MCD stock traded up $0.77 during trading on Monday, hitting $299.24. The company had a trading volume of 3,069,525 shares, compared to its average volume of 3,481,643. The firm has a 50-day moving average price of $300.56 and a 200-day moving average price of $303.25. McDonald's Corporation has a 12 month low of $250.23 and a 12 month high of $326.32. The stock has a market cap of $213.97 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.12 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 EPS. Equities analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald's's payout ratio is 62.49%.

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.