CWA Asset Management Group LLC Grows Stock Holdings in McDonald's Corporation (NYSE:MCD)

CWA Asset Management Group LLC grew its position in McDonald's Corporation (NYSE:MCD - Free Report) by 40.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,809 shares of the fast-food giant's stock after acquiring an additional 5,086 shares during the period. CWA Asset Management Group LLC's holdings in McDonald's were worth $5,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCD. Granite Bay Wealth Management LLC increased its position in McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after buying an additional 33 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after purchasing an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC boosted its holdings in shares of McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after acquiring an additional 33 shares during the period. Northeast Financial Consultants Inc grew its holdings in McDonald's by 0.5% in the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after buying an additional 34 shares in the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in McDonald's by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Securities restated a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Citigroup increased their price objective on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Truist Financial set a $350.00 price target on shares of McDonald's in a research report on Friday, May 2nd. Finally, Robert W. Baird boosted their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $321.79.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the sale, the insider now directly owns 12,100 shares of the company's stock, valued at $3,853,850. This trade represents a 7.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.25% of the company's stock.

McDonald's Stock Down 1.1%

Shares of McDonald's stock traded down $3.07 during trading on Thursday, reaching $289.24. 4,004,866 shares of the stock were exchanged, compared to its average volume of 3,516,732. McDonald's Corporation has a 1 year low of $243.53 and a 1 year high of $326.32. The stock's fifty day moving average is $311.02 and its 200 day moving average is $302.84. The firm has a market cap of $206.81 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.02 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter in the previous year, the business posted $2.70 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is 62.49%.

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.