Cwm LLC Raises Stake in McDonald's Corporation (NYSE:MCD)

Cwm LLC grew its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,851 shares of the fast-food giant's stock after buying an additional 4,187 shares during the period. Cwm LLC's holdings in McDonald's were worth $28,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCD. TFR Capital LLC. grew its holdings in shares of McDonald's by 114.9% during the first quarter. TFR Capital LLC. now owns 2,618 shares of the fast-food giant's stock worth $818,000 after purchasing an additional 1,400 shares in the last quarter. Oxbow Advisors LLC lifted its holdings in shares of McDonald's by 1.9% during the 1st quarter. Oxbow Advisors LLC now owns 24,882 shares of the fast-food giant's stock worth $7,772,000 after acquiring an additional 469 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in McDonald's by 26.1% during the first quarter. Iron Horse Wealth Management LLC now owns 497 shares of the fast-food giant's stock valued at $155,000 after purchasing an additional 103 shares in the last quarter. TruNorth Capital Management LLC lifted its stake in McDonald's by 259.2% during the first quarter. TruNorth Capital Management LLC now owns 1,663 shares of the fast-food giant's stock worth $519,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC increased its position in shares of McDonald's by 0.4% during the 1st quarter. Fulton Breakefield Broenniman LLC now owns 72,600 shares of the fast-food giant's stock valued at $22,678,000 after purchasing an additional 272 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Stock Up 0.5%

Shares of NYSE:MCD opened at $299.80 on Monday. The firm's 50 day moving average price is $304.11 and its 200-day moving average price is $302.59. The stock has a market capitalization of $214.37 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53. McDonald's Corporation has a twelve month low of $246.12 and a twelve month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion for 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%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.70 EPS. Analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. McDonald's's payout ratio is currently 62.49%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their price objective on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. 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. Citigroup raised their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and lowered their price target for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Finally, The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and a consensus price target of $322.29.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. This trade represents a 8.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business'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 completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock valued at $1,165,843 in the last quarter. 0.25% of the stock is currently owned by company insiders.

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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