Capital Management Associates Inc Grows Stock Position in McDonald's Corporation (NYSE:MCD)

Capital Management Associates Inc increased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 68.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,460 shares of the fast-food giant's stock after acquiring an additional 2,223 shares during the period. Capital Management Associates Inc's holdings in McDonald's were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new position in McDonald's in the 1st quarter worth $30,000. Washington Trust Bank raised its stake in McDonald's by 1.8% in the 1st quarter. Washington Trust Bank now owns 4,093 shares of the fast-food giant's stock worth $1,279,000 after acquiring an additional 72 shares during the last quarter. Centennial Bank AR raised its stake in McDonald's by 2.6% in the 1st quarter. Centennial Bank AR now owns 2,282 shares of the fast-food giant's stock worth $713,000 after acquiring an additional 57 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in McDonald's by 5.6% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 56,208 shares of the fast-food giant's stock worth $17,558,000 after purchasing an additional 2,989 shares during the period. Finally, Brass Tax Wealth Management Inc. grew its position in McDonald's by 10.8% during the 1st quarter. Brass Tax Wealth Management Inc. now owns 787 shares of the fast-food giant's stock worth $246,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the topic of several analyst reports. Barclays increased their price target on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Piper Sandler increased their price target on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Morgan Stanley reaffirmed an "equal weight" rating and set a $324.00 price target (down from $329.00) on shares of McDonald's in a research report on Monday, June 9th. KeyCorp cut their price target 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. Finally, Redburn Atlantic restated a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $321.17.

McDonald's Stock Down 0.2%

MCD traded down $0.59 during trading on Monday, reaching $293.49. The company's stock had a trading volume of 3,402,996 shares, compared to its average volume of 3,538,406. The firm has a fifty day simple moving average of $306.11 and a two-hundred day simple moving average of $302.52. McDonald's Corporation has a 1 year low of $243.53 and a 1 year high of $326.32. The company has a market cap of $209.85 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.07 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its 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. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the company posted $2.70 EPS. The business's revenue was down 3.5% on a year-over-year basis. As a group, equities analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is 62.49%.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 2,817 shares of company stock valued at $865,843. Company 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.