McDonald's Corporation (NYSE:MCD) Position Increased by Hudock Inc.

Hudock Inc. increased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 111.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,718 shares of the fast-food giant's stock after buying an additional 2,489 shares during the period. Hudock Inc.'s holdings in McDonald's were worth $1,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MCD. Mascagni Wealth Management Inc. purchased a new position in shares of McDonald's during the 4th quarter worth about $25,000. Abound Financial LLC purchased a new stake in McDonald's in the first quarter valued at approximately $30,000. Pinney & Scofield Inc. acquired a new position in McDonald's during the fourth quarter worth approximately $29,000. Redmont Wealth Advisors LLC purchased a new position in McDonald's during the first quarter worth approximately $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of McDonald's in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

Insider Buying and Selling

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald'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 sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the transaction, the insider directly owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% 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 over the last three months. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MCD shares. Truist Financial upped their price objective on McDonald's from $350.00 to $356.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a research note on Thursday, July 10th. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and cut their price objective for the stock from $346.00 to $315.00 in a report on Friday, June 6th. TD Securities reiterated a "hold" rating and set a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Finally, Citigroup raised their price target on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, McDonald's currently has a consensus rating of "Hold" and an average price target of $319.48.

McDonald's Price Performance

MCD traded up $1.36 during trading on Thursday, hitting $300.26. The company had a trading volume of 3,123,267 shares, compared to its average volume of 3,626,849. McDonald's Corporation has a 1-year low of $246.12 and a 1-year high of $326.32. The business has a 50-day moving average of $303.10 and a 200-day moving average of $302.60. The company has a market cap of $214.70 billion, a PE ratio of 26.50, a P/E/G ratio of 3.12 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly 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 company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $2.70 EPS. Research 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 declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. 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 dividend payout ratio (DPR) is presently 62.49%.

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.