KLCM Advisors Inc. Purchases 969 Shares of McDonald's Corporation $MCD

Key Points

• KLCM Advisors Inc. increased its stake in McDonald's Corporation by 26.3% in the first quarter, holding a total of 4,653 shares worth approximately $1.45 million.
• Several other hedge funds also boosted their investments in McDonald's during the same period, with First American Trust FSB's stake increasing by 55.9%.
• McDonald's announced a quarterly dividend of $1.77 per share, with an ex-dividend date of September 2nd, representing a 2.3% yield.

KLCM Advisors Inc. boosted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 26.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,653 shares of the fast-food giant's stock after buying an additional 969 shares during the period. KLCM Advisors Inc.'s holdings in McDonald's were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its position in McDonald's by 21.6% in the 4th quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after purchasing an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC increased its position in McDonald's by 2.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after purchasing an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in McDonald's by 15.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after purchasing an additional 27,774 shares during the last quarter. GHE LLC increased its position in McDonald's by 0.9% in the 4th quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after purchasing an additional 136 shares during the last quarter. Finally, Cohen & Steers Inc. increased its position in McDonald's by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 1,972 shares of the fast-food giant's stock worth $572,000 after purchasing an additional 100 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Trading Up 1.2%

NYSE:MCD traded up $3.8250 during mid-day trading on Tuesday, hitting $312.5250. 1,280,307 shares of the company's stock traded hands, compared to its average volume of 3,597,451. The firm has a 50 day moving average of $298.14 and a two-hundred day moving average of $305.31. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The firm has a market capitalization of $223.02 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 3.15 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the company earned $2.97 EPS. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

Insiders Place Their Bets

In other McDonald's news, 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 value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 976 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $303.50, for a total value of $296,216.00. Following the completion of the sale, the chief marketing officer owned 7,882 shares of the company's stock, valued at $2,392,187. This represents a 11.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,280 shares of company stock worth $2,215,178. 0.25% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MCD has been the topic of several research reports. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Barclays increased their price objective on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Redburn Atlantic reissued a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Piper Sandler increased their price objective on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Evercore ISI increased their price objective on McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $326.87.

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.