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Maridea Wealth Management LLC Buys 912 Shares of McDonald's Corporation (NYSE:MCD)

McDonald's logo with Retail/Wholesale background

Key Points

  • Maridea Wealth Management LLC increased its stake in McDonald's Corporation by 60%, now holding shares worth $760,000.
  • Insider sales included Joseph M. Erlinger selling 939 shares for approximately $281,221, and Edith Morgan Flatley selling 1,000 shares for $300,000, reflecting 9.19% and 10.14% decreases in their holdings, respectively.
  • McDonald's announced a quarterly dividend of $1.77 per share, with a dividend yield of 2.37%, and will be paid on September 16th to stockholders of record on September 2nd.
  • MarketBeat previews the top five stocks to own by September 1st.

Maridea Wealth Management LLC increased its position in McDonald's Corporation (NYSE:MCD - Free Report) by 60.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,432 shares of the fast-food giant's stock after buying an additional 912 shares during the quarter. Maridea Wealth Management LLC's holdings in McDonald's were worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in McDonald's by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after buying an additional 157,458 shares during the last quarter. Capital Research Global Investors lifted its position in McDonald's by 5.2% in the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after buying an additional 531,070 shares during the last quarter. Northern Trust Corp lifted its position in McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after buying an additional 895,896 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in McDonald's by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,019,019 shares of the fast-food giant's stock worth $1,454,963,000 after buying an additional 504,085 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in McDonald's by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 4,595,245 shares of the fast-food giant's stock worth $1,332,116,000 after buying an additional 226,752 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Trading Down 0.6%

MCD stock traded down $1.79 during trading on Thursday, reaching $301.83. The stock had a trading volume of 1,407,990 shares, compared to its average volume of 3,581,698. McDonald's Corporation has a 52 week low of $262.40 and a 52 week high of $326.32. The stock's 50 day moving average is $299.96 and its two-hundred day moving average is $303.25. The firm has a market cap of $215.81 billion, a PE ratio of 26.66, a PEG ratio of 3.17 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, meeting 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 company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the company earned $2.70 earnings per share. McDonald's's revenue was down 3.5% on a year-over-year basis. On average, research analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio is 62.49%.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the transaction, the insider owned 9,283 shares of the company's stock, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MCD shares. KeyCorp dropped their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Robert W. Baird boosted their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Citigroup boosted their price objective on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Truist Financial boosted their price objective on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $323.39.

Get Our Latest Stock Report on McDonald's

McDonald's Company Profile

(Free Report)

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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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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