Integrity Alliance LLC. Buys 16,164 Shares of McDonald's Corporation $MCD

Key Points

• Integrity Alliance LLC. increased its stake in McDonald's Corporation by 585.2%, purchasing an additional 16,164 shares, bringing total holdings to 18,926 shares, valued at approximately $5.9 million.
• McDonald's reported $3.19 EPS for the last quarter, surpassing analyst expectations, with quarterly revenue reaching $6.84 billion, a 5.4% increase from the previous year.
• The company declared a quarterly dividend of $1.77 per share, which will be paid to stockholders on September 16th, representing an annualized yield of 2.3%.

Integrity Alliance LLC. raised its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 585.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,926 shares of the fast-food giant's stock after buying an additional 16,164 shares during the period. Integrity Alliance LLC.'s holdings in McDonald's were worth $5,912,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. First American Trust FSB grew its holdings in shares of McDonald's by 55.9% during the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant's stock valued at $11,532,000 after purchasing an additional 13,234 shares during the last quarter. Banque Transatlantique SA grew its holdings in shares of McDonald's by 58.0% during the 1st quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant's stock valued at $71,829,000 after purchasing an additional 91,313 shares during the last quarter. Red Door Wealth Management LLC grew its holdings in shares of McDonald's by 1.9% during the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of McDonald's by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after purchasing an additional 18,393 shares during the last quarter. Finally, Sagespring Wealth Partners LLC grew its holdings in shares of McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after purchasing an additional 3,212 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Trading Down 0.1%

NYSE:MCD opened at $312.63 on Wednesday. The company has a 50-day moving average price of $304.57 and a 200-day moving average price of $306.61. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock has a market cap of $223.09 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 3.19 and a beta of 0.49.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The firm had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $6.68 billion. During the same period last year, the company posted $2.97 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio is presently 60.67%.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The transaction 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 stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total transaction of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares in the company, valued at approximately $2,160,270. The trade was a 12.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,341 shares of company stock worth $2,544,327. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the topic of several recent research reports. KeyCorp reaffirmed an "overweight" rating and set a $335.00 target price (up previously from $325.00) on shares of McDonald's in a report on Thursday, August 7th. Bank of America reduced their target price on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Piper Sandler raised their price target on shares of McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Guggenheim reissued a "neutral" rating on shares of McDonald's in a report on Friday, August 8th. Finally, Redburn Atlantic reissued a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $325.14.

McDonald's 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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