Invesco LLC Has $1.96 Million Stake in McDonald's Corporation (NYSE:MCD)

Invesco LLC raised its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 22.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,276 shares of the fast-food giant's stock after buying an additional 1,138 shares during the quarter. Invesco LLC's holdings in McDonald's were worth $1,960,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MCD. Mascagni Wealth Management Inc. bought a new position in shares of McDonald's during the fourth quarter worth $25,000. Atala Financial Inc bought a new position in McDonald's during the fourth quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in McDonald's in the fourth quarter valued at about $29,000. Fairway Wealth LLC increased its holdings in shares of McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after acquiring an additional 55 shares in 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. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider now owns 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Robert W. Baird raised their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. BMO Capital Markets restated an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and lowered their price target for the company from $346.00 to $315.00 in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, McDonald's currently has an average rating of "Hold" and an average price target of $321.79.

McDonald's Stock Performance

NYSE:MCD opened at $289.42 on Tuesday. The company has a market cap of $206.94 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 3.00 and a beta of 0.56. The stock has a fifty day moving average price of $310.02 and a 200-day moving average price of $302.79. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same period last year, the firm posted $2.70 earnings per share. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. Research analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend 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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