2,051 Shares in McDonald's Corporation (NYSE:MCD) Acquired by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS purchased a new position in McDonald's Corporation, acquiring 2,051 shares valued at approximately $641,000 during the first quarter.
• Analysts have mixed ratings on McDonald's stock, with a consensus rating of "Hold" and a price target averaging $322.00.
• McDonald's announced a quarterly dividend of $1.77 per share, with a dividend yield of 2.37%, to be paid on September 16th, 2023.

Caliber Wealth Management LLC KS bought a new stake in McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,051 shares of the fast-food giant's stock, valued at approximately $641,000.

Other institutional investors have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in McDonald's in the fourth quarter valued at approximately $25,000. Abound Financial LLC acquired a new position in McDonald's in the first quarter valued at approximately $30,000. Pinney & Scofield Inc. acquired a new position in McDonald's in the fourth quarter valued at approximately $29,000. Redmont Wealth Advisors LLC acquired a new position in McDonald's in the first quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in McDonald's in the first quarter valued at approximately $31,000. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Up 0.2%

MCD traded up $0.46 during trading on Wednesday, reaching $303.13. 1,047,624 shares of the company were exchanged, compared to its average volume of 3,584,908. The company's 50-day moving average is $300.22 and its two-hundred day moving average is $303.25. The company has a market cap of $216.75 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 3.13 and a beta of 0.53. McDonald's Corporation has a 12-month low of $262.40 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) 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 firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.70 EPS. Equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.34%. McDonald's's payout ratio is currently 62.49%.

Analyst Ratings Changes

Several equities analysts have issued reports on MCD shares. TD Securities reissued a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Citigroup boosted their price target on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Finally, Bank of America lowered their target price on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, McDonald's presently has a consensus rating of "Hold" and an average target price of $322.00.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated 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 owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated 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 directly owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,817 shares of company stock worth $1,147,992. Insiders own 0.25% of the company's stock.

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.