McDonald's Corporation (NYSE:MCD) Shares Bought by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC boosted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 50.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,891 shares of the fast-food giant's stock after buying an additional 2,969 shares during the period. Journey Strategic Wealth LLC's holdings in McDonald's were worth $2,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's during the fourth quarter valued at about $25,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's in the 4th quarter worth about $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of McDonald's in the 4th quarter worth about $30,000. Abound Financial LLC bought a new stake in McDonald's in the 1st quarter worth about $30,000. Finally, Copia Wealth Management bought a new stake in McDonald's in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Trading Up 1.3%

Shares of MCD stock traded up $3.77 during trading hours on Friday, hitting $298.25. The company's stock had a trading volume of 3,400,107 shares, compared to its average volume of 3,682,701. The company has a 50 day moving average of $301.00 and a 200 day moving average of $302.91. McDonald's Corporation has a 12-month low of $250.23 and a 12-month high of $326.32. The stock has a market cap of $213.26 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 3.08 and a beta of 0.53.

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 for the quarter, hitting analysts' consensus estimates 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 net margin of 31.75% and a negative return on equity of 195.27%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 earnings per share. As a group, analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is presently 62.49%.

Insider Transactions at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,817 shares of company stock valued at $1,147,992. Company insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MCD. BTIG Research restated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Barclays lifted their target price on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. KeyCorp dropped their price objective on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Finally, Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $322.00.

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.