McDonald's Corporation (NYSE:MCD) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 491,929 shares of the fast-food giant's stock after acquiring an additional 38,125 shares during the quarter. Cerity Partners LLC owned about 0.07% of McDonald's worth $153,664,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Mascagni Wealth Management Inc. acquired a new stake in McDonald's in the fourth quarter valued at $25,000. Atala Financial Inc acquired a new stake in shares of McDonald's during the fourth quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's during the fourth quarter valued at $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's during the fourth quarter valued at $30,000. Finally, Abound Financial LLC acquired a new stake in shares of McDonald's during the first quarter valued at $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial increased their price objective on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a research note on Thursday. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. 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. Finally, Barclays raised their price target on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $319.48.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $1.95 during mid-day trading on Monday, hitting $301.86. 5,695,496 shares of the company traded hands, compared to its average volume of 3,641,491. The firm has a market cap of $215.84 billion, a P/E ratio of 26.64, a PEG ratio of 3.13 and a beta of 0.53. McDonald's Corporation has a 52-week low of $246.12 and a 52-week high of $326.32. The firm's 50 day simple moving average is $304.11 and its 200 day simple moving average is $302.59.

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, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the firm earned $2.70 EPS. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Buying and Selling

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 stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer 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. In the last 90 days, insiders have sold 3,817 shares of company stock valued at $1,165,843. 0.25% of the stock is owned by insiders.

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.