Greenwood Capital Associates LLC Boosts Stake in McDonald's Co. (NYSE:MCD)

Greenwood Capital Associates LLC lifted its stake in McDonald's Co. (NYSE:MCD - Free Report) by 10.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,088 shares of the fast-food giant's stock after buying an additional 1,499 shares during the quarter. Greenwood Capital Associates LLC's holdings in McDonald's were worth $5,025,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in McDonald's in the 4th quarter worth about $25,000. Atala Financial Inc acquired a new position in McDonald's in the 4th quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in McDonald's in the 4th quarter worth about $29,000. Fairway Wealth LLC raised its holdings in McDonald's by 110.0% in the 4th 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 position in McDonald's in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the completion of the transaction, the insider now directly owns 12,100 shares of the company's stock, valued at approximately $3,853,850. This represents a 7.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

McDonald's Stock Performance

Shares of NYSE MCD traded up $1.21 during trading on Thursday, reaching $302.93. The stock had a trading volume of 2,581,660 shares, compared to its average volume of 3,507,059. McDonald's Co. has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a market cap of $216.60 billion, a P/E ratio of 26.60, a PEG ratio of 3.10 and a beta of 0.56. The business's 50-day moving average price is $311.84 and its 200-day moving average price 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 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The firm had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the previous year, the firm posted $2.70 EPS. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. Analysts forecast that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.34%. McDonald's's payout ratio is 62.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Robert W. Baird upped their price target on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $324.00 price target (down previously from $329.00) on shares of McDonald's in a report on Monday. Finally, Truist Financial set a $350.00 target price on McDonald's in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, McDonald's presently has a consensus rating of "Hold" and a consensus price target of $321.79.

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.