Insight Inv LLC Raises Holdings in McDonald's Corporation (NYSE:MCD)

Insight Inv LLC increased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 1,022.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,615 shares of the fast-food giant's stock after acquiring an additional 14,224 shares during the quarter. McDonald's comprises 1.8% of Insight Inv LLC's investment portfolio, making the stock its 11th largest holding. Insight Inv LLC's holdings in McDonald's were worth $4,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after buying an additional 1,649 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of McDonald's by 15.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after purchasing an additional 27,774 shares during the period. GHE LLC raised its position in shares of McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after buying an additional 136 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in McDonald's by 16.5% during the fourth quarter. Fisher Asset Management LLC now owns 297,971 shares of the fast-food giant's stock worth $86,379,000 after buying an additional 42,223 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total value of $299,071.50. Following the completion of the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. The trade was a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 2,817 shares of company stock worth $865,843. Insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MCD. Redburn Atlantic reiterated a "sell" rating and set a $260.00 price target (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Morgan Stanley restated an "equal weight" rating and set a $324.00 price target (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Argus cut McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, Truist Financial set a $350.00 price objective on McDonald's in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $321.79.

McDonald's Stock Performance

MCD stock opened at $291.94 on Monday. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The company has a market capitalization of $208.74 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 3.04 and a beta of 0.56. The business's 50 day moving average price is $308.26 and its two-hundred day moving average price is $302.52.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.70 earnings per share. Sell-side 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 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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