Braun Stacey Associates Inc. Grows Position in McDonald's Corporation (NYSE:MCD)

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

Several other large investors have also bought and sold shares of the stock. Mascagni Wealth Management Inc. bought a new stake in shares of McDonald's during the 4th quarter worth $25,000. Atala Financial Inc bought a new stake in McDonald's in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in McDonald's in the 4th quarter valued at about $29,000. Redmont Wealth Advisors LLC bought a new stake in McDonald's in the 1st quarter valued at about $31,000. Finally, Fairway Wealth LLC raised its stake in McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after acquiring an additional 55 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Performance

Shares of McDonald's stock traded down $0.59 during midday trading on Monday, reaching $293.49. 3,402,996 shares of the company's stock traded hands, compared to its average volume of 3,538,413. The company has a market cap of $209.85 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The stock has a 50 day moving average of $305.64 and a 200-day moving average of $302.53. McDonald's Corporation has a 12 month low of $243.53 and a 12 month 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. The company had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 earnings per share. On average, equities analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date 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 is currently 62.49%.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on 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 directly owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 2,817 shares of company stock valued at $865,843 over the last 90 days. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Robert W. Baird boosted their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Piper Sandler lifted their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, KeyCorp reduced their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.