McDonald's Corporation (NYSE:MCD) Shares Purchased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lifted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 12.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,275 shares of the fast-food giant's stock after buying an additional 1,175 shares during the quarter. Braun Stacey Associates Inc.'s holdings in McDonald's were worth $3,210,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Seascape Capital Management acquired a new position in McDonald's during the first quarter worth $229,000. Elite Financial Inc. acquired a new position in McDonald's during the first quarter worth $89,000. World Investment Advisors raised its holdings in McDonald's by 4.2% during the first quarter. World Investment Advisors now owns 8,970 shares of the fast-food giant's stock worth $2,802,000 after purchasing an additional 365 shares during the last quarter. von Borstel & Associates Inc. acquired a new position in McDonald's during the first quarter worth $129,000. Finally, Olde Wealth Management LLC acquired a new position in McDonald's during the first quarter worth $100,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 2,817 shares of company stock valued at $865,843. Company insiders own 0.25% of the company's stock.

McDonald's Stock Performance

McDonald's stock traded down $0.83 during trading on Friday, hitting $293.80. The company's stock had a trading volume of 1,678,645 shares, compared to its average volume of 3,538,951. The stock has a market capitalization of $210.08 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 3.07 and a beta of 0.53. The stock's fifty day moving average is $306.11 and its 200 day moving average is $302.36. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.70 earnings per share. On average, research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.41%. McDonald's's dividend payout ratio (DPR) is 62.49%.

Analyst Ratings Changes

Several brokerages recently issued reports on MCD. Truist Financial set a $350.00 price objective on McDonald's in a report on Friday, May 2nd. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Robert W. Baird boosted their price target on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Redburn Atlantic reissued a "sell" rating and issued a $260.00 price target (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. One research 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.com, McDonald's has a consensus rating of "Hold" and a consensus target price of $321.17.

McDonald's Company 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.