McDonald's Corporation (NYSE:MCD) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 491,929 shares of the fast-food giant's stock after purchasing an additional 38,125 shares during the quarter. Cerity Partners LLC owned 0.07% of McDonald's worth $153,664,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. DMC Group LLC boosted its stake in shares of McDonald's by 4.6% in the first quarter. DMC Group LLC now owns 1,947 shares of the fast-food giant's stock worth $608,000 after buying an additional 86 shares during the last quarter. Vision Capital Management Inc. purchased a new stake in shares of McDonald's in the first quarter worth about $353,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of McDonald's in the first quarter worth about $31,000. Allworth Financial LP boosted its stake in shares of McDonald's by 3.3% in the first quarter. Allworth Financial LP now owns 46,007 shares of the fast-food giant's stock worth $14,548,000 after buying an additional 1,450 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC boosted its stake in shares of McDonald's by 11.1% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 18,040 shares of the fast-food giant's stock worth $5,635,000 after buying an additional 1,796 shares during the last quarter. Hedge funds and other 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 firm's stock in a transaction 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 completion of the transaction, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction 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 owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,817 shares of company stock valued at $1,165,843 over the last quarter. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MCD has been the topic of a number of recent research reports. Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. KeyCorp reduced their price target on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $324.00 price target (down previously from $329.00) on shares of McDonald's in a report on Monday, June 9th. Finally, Truist Financial upped their price target on McDonald's from $350.00 to $356.00 and gave the stock a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, McDonald's currently has a consensus rating of "Hold" and a consensus target price of $322.29.

McDonald's Trading Up 0.5%

McDonald's stock traded up $1.41 during mid-day trading on Friday, hitting $299.80. The company's stock had a trading volume of 4,494,100 shares, compared to its average volume of 3,532,598. The firm has a market capitalization of $214.37 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. McDonald's Corporation has a 1 year low of $246.12 and a 1 year high of $326.32. The stock's fifty day moving average is $304.11 and its two-hundred day moving average is $302.48.

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 for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.70 earnings per share. On average, equities analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.36%. McDonald's's payout ratio is 62.49%.

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.