Clark Asset Management LLC Makes New $349,000 Investment in McDonald's Corporation (NYSE:MCD)

Clark Asset Management LLC purchased a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,119 shares of the fast-food giant's stock, valued at approximately $349,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's in the 4th quarter valued at about $25,000. Atala Financial Inc bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC boosted its holdings in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's during the fourth quarter worth $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the transaction, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several research reports. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. TD Securities reiterated a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Piper Sandler upped their price objective on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Citigroup raised their target price on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley reissued an "equal weight" rating and set a $324.00 price target (down previously from $329.00) on shares of McDonald's in a report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $321.17.

McDonald's Stock Down 0.3%

Shares of McDonald's stock traded down $0.83 during midday trading on Friday, hitting $293.80. The company's stock had a trading volume of 1,678,645 shares, compared to its average volume of 3,536,052. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market capitalization of $210.08 billion, a P/E ratio of 25.93, a PEG ratio of 3.08 and a beta of 0.53. The stock has a 50-day simple moving average of $306.57 and a 200-day simple moving average of $302.37.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates 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 negative return on equity of 195.27% and a net margin of 31.75%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $2.70 EPS. As a group, sell-side analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. 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 payout ratio is presently 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.