IRON Financial LLC Has $1.11 Million Stock Position in McDonald's Corporation (NYSE:MCD)

IRON Financial LLC grew its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 307.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,544 shares of the fast-food giant's stock after purchasing an additional 2,674 shares during the quarter. IRON Financial LLC's holdings in McDonald's were worth $1,107,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's in the 4th quarter valued at $25,000. Atala Financial Inc bought a new stake in shares of McDonald's in the 4th quarter valued at $26,000. Pinney & Scofield Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at $29,000. Fairway Wealth LLC increased its position in shares of McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock valued at $30,000 after buying an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of McDonald's in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 2,817 shares of company stock worth $865,843 in the last quarter. Corporate insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MCD. TD Securities restated a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research report on Thursday, June 5th. Argus cut shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Truist Financial set a $350.00 price objective on shares of McDonald's in a research report on Friday, May 2nd. Barclays upped their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Redburn Atlantic reiterated a "sell" rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, McDonald's has an average rating of "Hold" and an average price target of $321.79.

McDonald's Price Performance

Shares of NYSE MCD opened at $291.94 on Monday. The stock has a market capitalization of $208.74 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 3.04 and a beta of 0.56. The business has a 50-day moving average of $308.26 and a 200-day moving average of $302.52. 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 for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. On average, sell-side analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is 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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