Hubbell Strickland Wealth Management LLC Acquires 2,070 Shares of McDonald's Corporation (NYSE:MCD)

Hubbell Strickland Wealth Management LLC increased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 34.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,138 shares of the fast-food giant's stock after buying an additional 2,070 shares during the period. McDonald's comprises approximately 1.2% of Hubbell Strickland Wealth Management LLC's holdings, making the stock its 17th largest position. Hubbell Strickland Wealth Management LLC's holdings in McDonald's were worth $2,542,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new position in McDonald's in the 4th quarter worth $25,000. Atala Financial Inc bought a new position in shares of McDonald's during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in shares of McDonald's during the 4th quarter valued at about $29,000. Fairway Wealth LLC boosted its holdings in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of McDonald's during the 4th quarter valued at about $30,000. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Argus downgraded shares of McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Barclays increased their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Redburn Atlantic reissued a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Robert W. Baird increased their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Morgan Stanley reissued an "equal weight" rating and set a $324.00 price objective (down previously from $329.00) on shares of McDonald's in a report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $321.79.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the transaction, the insider now directly owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale 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 corporate insiders.

McDonald's Price Performance

McDonald's stock opened at $286.75 on Friday. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market capitalization of $205.04 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 3.02 and a beta of 0.56. The company's 50-day moving average is $310.55 and its 200 day moving average is $302.78.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the company posted $2.70 EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors 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 2.47%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

About McDonald's

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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