4,546 Shares in McDonald's Corporation (NYSE:MCD) Purchased by Calton & Associates Inc.

Calton & Associates Inc. purchased a new position in McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,546 shares of the fast-food giant's stock, valued at approximately $1,420,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Granite Bay Wealth Management LLC raised its position in McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC boosted its holdings in McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after purchasing an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC grew its holdings in McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after acquiring an additional 33 shares during the period. Northeast Financial Consultants Inc grew its stake in shares of McDonald's by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after purchasing an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. increased its holdings in McDonald's by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after buying an additional 34 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's 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 transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,817 shares of company stock worth $1,165,843 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

McDonald's Price Performance

Shares of NYSE MCD traded down $3.50 during trading hours on Friday, hitting $296.87. 3,477,177 shares of the stock were exchanged, compared to its average volume of 3,528,220. The company's 50 day moving average is $302.50 and its 200 day moving average is $302.81. The firm has a market capitalization of $212.27 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.07 and a beta of 0.53. McDonald's Corporation has a one year low of $246.12 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted 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 firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 earnings per share. Research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced 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. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. McDonald's's payout ratio is currently 62.49%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MCD shares. KeyCorp reduced their price objective on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Melius assumed coverage on shares of McDonald's in a research report on Monday, July 14th. They issued a "sell" rating and a $250.00 price objective for the company. Erste Group Bank downgraded McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Finally, Barclays boosted their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, McDonald's currently has a consensus rating of "Hold" and an average target price of $319.72.

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.