BluePointe Capital Management LLC Buys Shares of 1,126 McDonald's Corporation (NYSE:MCD)

BluePointe Capital Management LLC acquired a new stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,126 shares of the fast-food giant's stock, valued at approximately $352,000.

A number of other hedge funds have also recently made changes to their positions in the business. Granite Bay Wealth Management LLC increased its stake in McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC lifted its position in McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after buying an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC grew its holdings in McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares during the last quarter. Northeast Financial Consultants Inc raised its holdings in shares of McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after buying an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. lifted its position 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.

Insider Buying and Selling at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction 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. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares of the company's stock, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,817 shares of company stock valued at $1,165,843. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MCD shares. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and cut their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. Barclays upped their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. BMO Capital Markets restated an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Finally, Morgan Stanley boosted their price objective on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $319.48.

McDonald's Trading Up 0.5%

McDonald's stock traded up $1.36 during trading on Thursday, hitting $300.26. The company had a trading volume of 3,134,160 shares, compared to its average volume of 3,528,383. The stock has a market cap of $214.70 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. The company's 50 day simple moving average is $303.10 and its 200-day simple moving average is $302.60. McDonald's Corporation has a 1-year low of $246.12 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the business earned $2.70 EPS. McDonald's's revenue was down 3.5% on a year-over-year basis. As a group, analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

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.