Crestwood Advisors Group LLC Buys 6,363 Shares of McDonald's Corporation (NYSE:MCD)

Crestwood Advisors Group LLC grew its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 24.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,850 shares of the fast-food giant's stock after buying an additional 6,363 shares during the period. Crestwood Advisors Group LLC's holdings in McDonald's were worth $10,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCD. Norges Bank acquired a new position in shares of McDonald's during the 4th quarter worth about $2,725,190,000. GAMMA Investing LLC lifted its position in shares of McDonald's by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after purchasing an additional 3,488,982 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of McDonald's during the 4th quarter worth about $350,935,000. Northern Trust Corp lifted its position 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 during the last quarter. Finally, Franklin Resources Inc. lifted its position 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. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Down 0.6%

McDonald's stock traded down $1.69 during mid-day trading on Thursday, hitting $296.43. 1,372,452 shares of the company's stock were exchanged, compared to its average volume of 3,589,592. The firm has a market capitalization of $211.96 billion, a P/E ratio of 26.16, a PEG ratio of 3.13 and a beta of 0.53. McDonald's Corporation has a fifty-two week low of $250.23 and a fifty-two week high of $326.32. The company's 50 day simple moving average is $301.79 and its 200-day simple moving average is $302.83.

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

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's payout ratio is 62.49%.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred 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 owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock valued at $1,147,992 in the last 90 days. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MCD has been the subject of several research analyst reports. Truist Financial boosted their price objective on McDonald's from $350.00 to $356.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Redburn Atlantic reaffirmed a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and lowered their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Finally, Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $322.00.

McDonald's 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.