Kestra Private Wealth Services LLC Buys 4,007 Shares of McDonald's Corporation (NYSE:MCD)

Kestra Private Wealth Services LLC boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,846 shares of the fast-food giant's stock after acquiring an additional 4,007 shares during the period. Kestra Private Wealth Services LLC's holdings in McDonald's were worth $19,319,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fountainhead AM LLC acquired a new stake in McDonald's in the first quarter valued at $221,000. FAS Wealth Partners Inc. raised its holdings in shares of McDonald's by 2.7% during the first quarter. FAS Wealth Partners Inc. now owns 19,273 shares of the fast-food giant's stock worth $6,020,000 after purchasing an additional 514 shares during the period. Cypress Capital Management LLC WY acquired a new stake in shares of McDonald's during the first quarter worth $156,000. Balentine LLC acquired a new stake in shares of McDonald's during the first quarter worth $943,000. Finally, Formidable Asset Management LLC raised its holdings in shares of McDonald's by 2.3% during the first quarter. Formidable Asset Management LLC now owns 10,043 shares of the fast-food giant's stock worth $3,137,000 after purchasing an additional 227 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Performance

Shares of NYSE MCD traded down $3.50 during mid-day trading on Friday, reaching $296.87. The company had a trading volume of 3,477,177 shares, compared to its average volume of 3,528,220. The stock has a fifty day moving average of $302.50 and a two-hundred day moving average of $302.81. The company has a market capitalization of $212.27 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 3.07 and a beta of 0.53. McDonald's Corporation has a 12-month low of $246.12 and a 12-month high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last issued 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. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the firm earned $2.70 earnings per share. The company's revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. McDonald's's payout ratio is presently 62.49%.

Insiders Place Their Bets

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,817 shares of company stock valued at $1,165,843. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MCD. Morgan Stanley increased their price objective on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Bank of America dropped their price objective on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday. Erste Group Bank cut shares of McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective on the stock in a report on Thursday, July 10th. Finally, Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, McDonald's has an average rating of "Hold" and a consensus target price of $319.72.

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.