Kingsview Wealth Management LLC Buys 1,997 Shares of McDonald's Corporation (NYSE:MCD)

Kingsview Wealth Management LLC lifted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,229 shares of the fast-food giant's stock after acquiring an additional 1,997 shares during the quarter. Kingsview Wealth Management LLC's holdings in McDonald's were worth $18,814,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC boosted its holdings in shares of McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of McDonald's by 1.9% during the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after purchasing an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC boosted its holdings in shares of McDonald's by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after purchasing an additional 33 shares during the last quarter. Northeast Financial Consultants Inc boosted its holdings in shares of McDonald's by 0.5% during the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock worth $2,170,000 after purchasing an additional 34 shares during the last quarter. Finally, Tealwood Asset Management Inc. boosted its holdings in shares of McDonald's by 0.4% during the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after purchasing an additional 34 shares during the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald's Trading Down 1.2%

NYSE MCD traded down $3.50 during trading on Friday, hitting $296.87. The company had a trading volume of 3,477,177 shares, compared to its average volume of 3,527,464. McDonald's Corporation has a one year low of $246.12 and a one year high of $326.32. The company has a market cap of $212.27 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. The company's fifty day moving average is $302.83 and its 200-day moving average is $302.68.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. McDonald's's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.70 EPS. As a group, equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid 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 yield of 2.38%. McDonald's's dividend payout ratio is currently 62.49%.

Insider Transactions at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated 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 directly owned 10,222 shares in the company, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,817 shares of company stock valued at $1,165,843. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Morgan Stanley lifted their target price on McDonald's from $324.00 to $326.00 and gave the company an "equal weight" rating in a report on Monday. Piper Sandler lifted their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Bank of America reduced their target price on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday. Finally, KeyCorp reduced their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.