Bedel Financial Consulting Inc. Has $2.12 Million Stock Position in McDonald's Corporation (NYSE:MCD)

Key Points

• Bedel Financial Consulting Inc. increased its stake in McDonald's, owning 6,701 shares worth $2.12 million, marking an 18% boost during the 1st quarter.
• Insider sales included Joseph M. Erlinger and CMO Edith Morgan Flatley, with Erlinger selling 939 shares and Flatley selling 1,000 shares, indicating decreases in their ownership of the stock.
• McDonald's declared a quarterly dividend of $1.77 per share, with a dividend yield of 2.37% and a payout ratio of 62.49%.

Bedel Financial Consulting Inc. boosted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 18.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,701 shares of the fast-food giant's stock after buying an additional 1,020 shares during the period. Bedel Financial Consulting Inc.'s holdings in McDonald's were worth $2,123,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Accretive Wealth Partners LLC raised its holdings in McDonald's by 10.3% during the 1st quarter. Accretive Wealth Partners LLC now owns 6,607 shares of the fast-food giant's stock worth $2,093,000 after buying an additional 615 shares during the period. Valley Wealth Managers Inc. lifted its holdings in shares of McDonald's by 1.5% during the first quarter. Valley Wealth Managers Inc. now owns 12,317 shares of the fast-food giant's stock worth $3,847,000 after buying an additional 183 shares in the last quarter. Bearing Point Capital LLC lifted its holdings in shares of McDonald's by 22.6% during the first quarter. Bearing Point Capital LLC now owns 3,470 shares of the fast-food giant's stock worth $1,084,000 after buying an additional 640 shares in the last quarter. Security Financial Services INC. lifted its holdings in shares of McDonald's by 0.7% during the first quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after buying an additional 33 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC lifted its holdings in shares of McDonald's by 4.2% during the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,156 shares of the fast-food giant's stock worth $673,000 after buying an additional 87 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at $2,780,165.67. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction that occurred on 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 owned 8,858 shares in the company, 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 90 days, insiders have sold 3,817 shares of company stock worth $1,147,992. Company insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MCD shares. Bank of America dropped their target price on McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a report on Friday, July 18th. Piper Sandler lifted their target price on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Morgan Stanley lifted their target price on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a report on Thursday, July 10th. Finally, TD Securities reissued a "hold" rating and set a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, McDonald's has a consensus rating of "Hold" and a consensus target price of $322.00.

McDonald's Stock Up 1.3%

McDonald's stock opened at $298.25 on Friday. McDonald's Corporation has a 12-month low of $250.23 and a 12-month high of $326.32. The business's 50-day moving average price is $301.00 and its two-hundred day moving average price is $303.02. The stock has a market cap of $213.26 billion, a PE ratio of 26.32, a P/E/G ratio of 3.12 and a beta of 0.53.

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 analysts' consensus estimates 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 analysts' expectations of $6.17 billion. During the same quarter in the previous year, the business posted $2.70 earnings per share. The business's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Corporation (NYSE:MCD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.