McDonald's Corporation (NYSE:MCD) Shares Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,991 shares of the fast-food giant's stock after acquiring an additional 2,162 shares during the quarter. McDonald's comprises 0.9% of Bryn Mawr Capital Management LLC's portfolio, making the stock its 25th biggest position. Bryn Mawr Capital Management LLC's holdings in McDonald's were worth $14,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's in the fourth quarter valued at about $25,000. Abound Financial LLC acquired a new stake in shares of McDonald's in the first quarter valued at about $30,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's in the fourth quarter valued at about $29,000. Redmont Wealth Advisors LLC acquired a new stake in shares of McDonald's in the first quarter valued at about $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of McDonald's in the first quarter valued at about $31,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following 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. Insiders have sold a total of 3,817 shares of company stock worth $1,165,843 over the last quarter. Insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.5%

NYSE:MCD traded up $1.36 during trading hours on Thursday, reaching $300.26. 3,134,160 shares of the stock were exchanged, compared to its average volume of 3,528,384. The firm has a 50 day simple moving average of $303.10 and a 200-day simple moving average of $302.60. McDonald's Corporation has a 52 week low of $246.12 and a 52 week high of $326.32. The stock has a market capitalization of $214.70 billion, a P/E ratio of 26.50, a P/E/G ratio of 3.12 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. The business 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 business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 EPS. 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 business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MCD shares. Piper Sandler increased their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Melius started coverage on McDonald's in a report on Monday. They set a "sell" rating and a $250.00 price objective on the stock. Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and reduced their target price for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Robert W. Baird increased their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Truist Financial increased their target price on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, McDonald's currently has a consensus rating of "Hold" and a consensus target price of $319.48.

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.