Calton & Associates Inc. Takes Position in McDonald's Corporation $MCD

Key Points

• Calton & Associates Inc. has acquired a new stake in McDonald's Corporation, purchasing 1,681 shares valued at approximately $525,000.
• In recent months, several large investors have bought new positions in McDonald's, contributing to institutional ownership of 70.29% of the company's stock.
• McDonald's has announced a quarterly dividend of $1.77 per share, with an ex-dividend date of September 2nd, resulting in an annual dividend yield of 2.3%.

Calton & Associates Inc. bought a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,681 shares of the fast-food giant's stock, valued at approximately $525,000.

A number of other large investors also recently modified their holdings of MCD. First American Trust FSB raised its stake in shares of McDonald's by 55.9% during the first quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock worth $11,532,000 after buying an additional 13,234 shares during the last quarter. Red Door Wealth Management LLC raised its stake in shares of McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after buying an additional 109 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of McDonald's by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after buying an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in shares of McDonald's by 22.9% during the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after buying an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC raised its stake in shares of McDonald's by 1.7% during the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock worth $17,078,000 after buying an additional 937 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Redburn Atlantic reissued a "sell" rating and set a $260.00 price target (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. KeyCorp reissued an "overweight" rating and set a $335.00 price target (up from $325.00) on shares of McDonald's in a research note on Thursday, August 7th. Evercore ISI boosted their price target on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. TD Securities reissued a "hold" rating and set a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $325.35.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,341 shares of company stock worth $2,544,327. Company insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.2%

MCD traded up $0.72 during trading hours on Thursday, hitting $317.11. 2,856,609 shares of the company's stock were exchanged, compared to its average volume of 3,569,948. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The stock's 50-day moving average is $302.79 and its two-hundred day moving average is $306.33. The stock has a market cap of $226.29 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 3.19 and a beta of 0.50.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same quarter in the prior year, the company posted $2.97 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.2%. McDonald's's dividend payout ratio is presently 60.67%.

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.