Kingswood Wealth Advisors LLC Buys 20,872 Shares of McDonald's Corporation (NYSE:MCD)

Kingswood Wealth Advisors LLC increased its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 240.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,557 shares of the fast-food giant's stock after buying an additional 20,872 shares during the period. Kingswood Wealth Advisors LLC's holdings in McDonald's were worth $9,264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Granite Bay Wealth Management LLC lifted its position in shares of McDonald's by 3.5% in the 1st 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 period. CVA Family Office LLC lifted its position in shares of McDonald's by 1.9% in the 1st 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 period. Consilium Wealth Advisory LLC lifted its position in shares of McDonald's by 2.5% in the 1st 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 period. Northeast Financial Consultants Inc lifted its position in shares of McDonald's by 0.5% in the 4th 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 period. Finally, Tealwood Asset Management Inc. lifted its position in 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 valued at $2,535,000 after acquiring an additional 34 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald'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 sale, the insider now owns 11,161 shares in the company, valued at $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MCD. Redburn Atlantic reissued a "sell" rating and set a $260.00 target price (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Piper Sandler increased their target price on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Northcoast Research cut shares of McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. BMO Capital Markets reissued an "outperform" rating and set a $345.00 target price (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $324.00 price target (down previously from $329.00) on shares of McDonald's in a report on Monday, June 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, McDonald's presently has an average rating of "Hold" and a consensus target price of $321.79.

McDonald's Stock Performance

MCD stock opened at $292.35 on Wednesday. The firm has a market cap of $209.04 billion, a PE ratio of 25.80, a P/E/G ratio of 3.09 and a beta of 0.56. The firm's fifty day moving average is $311.66 and its 200 day moving average is $302.95. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting the consensus estimate of $2.67. The company had revenue of $5.96 billion for 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%. The firm's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $2.70 earnings per share. Research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.42%. McDonald's's dividend payout ratio is presently 62.49%.

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.

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