Liberty One Investment Management LLC Purchases 1,530 Shares of McDonald's Corporation (NYSE:MCD)

Liberty One Investment Management LLC lifted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,845 shares of the fast-food giant's stock after acquiring an additional 1,530 shares during the quarter. McDonald's makes up 3.3% of Liberty One Investment Management LLC's portfolio, making the stock its 6th biggest holding. Liberty One Investment Management LLC's holdings in McDonald's were worth $33,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Red Door Wealth Management LLC grew its stake in shares of McDonald's by 1.9% in the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares during the period. Aviva PLC grew its stake in shares of McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after purchasing an additional 23,024 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of McDonald's by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after purchasing an additional 18,393 shares during the period. Segment Wealth Management LLC grew its position in McDonald's by 1.7% during the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock worth $17,078,000 after acquiring an additional 937 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its position in McDonald's by 22.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after buying an additional 3,212 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Price Performance

Shares of NYSE MCD opened at $293.49 on Tuesday. The stock has a market capitalization of $209.85 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.07 and a beta of 0.53. The business has a 50-day moving average of $305.64 and a 200-day moving average of $302.53. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

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

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is currently 62.49%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and decreased their price objective for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Barclays increased their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Finally, TD Securities reissued a "hold" rating and issued a $305.00 price target on shares of McDonald's in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald's has an average rating of "Hold" and a consensus price target of $321.17.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 2,817 shares of company stock worth $865,843 in the last three months. Company insiders own 0.25% of the company's stock.

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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