McDonald's Corporation (NYSE:MCD) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 309,589 shares of the fast-food giant's stock after purchasing an additional 16,071 shares during the quarter. Cetera Investment Advisers' holdings in McDonald's were worth $96,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in McDonald's during the 4th quarter worth approximately $2,725,190,000. GAMMA Investing LLC raised its position in McDonald's by 39,039.7% in the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after acquiring an additional 3,488,982 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in McDonald's in the 4th quarter valued at approximately $350,935,000. Northern Trust Corp increased its stake in shares of McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of McDonald's by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after purchasing an additional 794,536 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

McDonald's Price Performance

MCD traded up $3.77 during trading on Friday, hitting $298.25. 3,400,107 shares of the stock traded hands, compared to its average volume of 3,682,701. McDonald's Corporation has a 12-month low of $250.23 and a 12-month high of $326.32. The firm has a 50-day moving average of $301.00 and a 200 day moving average of $302.91. The firm has a market capitalization of $213.26 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 3.08 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 (EPS) for the quarter, meeting the consensus estimate of $2.67. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $2.70 earnings per share. As a group, equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald's's dividend payout ratio is currently 62.49%.

Analyst Ratings Changes

Several equities analysts recently weighed in on MCD shares. Piper Sandler lifted their target price on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Barclays raised their price target on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Citigroup boosted their price objective on McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Bank of America dropped their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Finally, Melius assumed coverage on shares of McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $322.00.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction that occurred 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 directly owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at $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 have sold a total of 3,817 shares of company stock worth $1,147,992 over the last 90 days. Corporate insiders own 0.25% of the company's stock.

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.