CreativeOne Wealth LLC Boosts Stake in McDonald's Corporation $MCD

Key Points

• CreativeOne Wealth LLC increased its stake in McDonald's Corporation by 9.7% during the 1st quarter, bringing its total holdings to 10,906 shares worth approximately $3.4 million.
• Recent insider activity includes sales of 1,000 shares each by EVP Jonathan Banner and CMO Edith Morgan Flatley, indicating a 90.99% and 10.14% decrease in their respective holdings.
• McDonald's announced a quarterly dividend of $1.77 per share with an ex-dividend date of September 2nd, representing an annualized yield of 2.3%.

CreativeOne Wealth LLC raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,906 shares of the fast-food giant's stock after buying an additional 962 shares during the period. CreativeOne Wealth LLC's holdings in McDonald's were worth $3,407,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new position in shares of McDonald's during the 4th quarter valued at approximately $25,000. Abound Financial LLC bought a new position in shares of McDonald's during the 1st quarter valued at approximately $30,000. Pinney & Scofield Inc. bought a new position in shares of McDonald's during the 4th quarter valued at approximately $29,000. Redmont Wealth Advisors LLC bought a new position in shares of McDonald's during the 1st quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of McDonald's during the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Activity

In other news, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $310.00, for a total transaction of $310,000.00. Following the completion of the sale, the executive vice president directly owned 99 shares of the company's stock, valued at approximately $30,690. The trade was a 90.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer directly owned 8,858 shares of the company's stock, 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 sold 7,341 shares of company stock valued at $2,229,327 in the last quarter. 0.25% of the stock is currently owned by company insiders.

McDonald's Price Performance

Shares of NYSE:MCD opened at $311.52 on Thursday. The firm has a fifty day moving average price of $300.22 and a two-hundred day moving average price of $306.14. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The company has a market cap of $222.30 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.19 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm earned $2.97 EPS. The business's quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. TD Securities reissued a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. BMO Capital Markets reissued an "outperform" rating and set a $350.00 target price (up from $345.00) on shares of McDonald's in a research report on Thursday, August 7th. Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and cut their price objective for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Finally, Morgan Stanley raised their price objective on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $326.38.

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.

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