McDonald's Co. (NYSE:MCD) Shares Bought by Wynn Capital LLC

Wynn Capital LLC raised its holdings in McDonald's Co. (NYSE:MCD - Free Report) by 300.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,730 shares of the fast-food giant's stock after purchasing an additional 3,550 shares during the quarter. Wynn Capital LLC's holdings in McDonald's were worth $1,477,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new position in McDonald's in the fourth quarter valued at $25,000. Atala Financial Inc acquired a new position in shares of McDonald's during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of McDonald's during the fourth quarter worth about $27,000. Collier Financial acquired a new position in shares of McDonald's during the fourth quarter worth about $29,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the fourth quarter worth about $29,000. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCD has been the topic of a number of recent analyst reports. Wedbush boosted their price target on shares of McDonald's from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Barclays boosted their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. TD Securities reiterated a "hold" rating and set a $305.00 price target on shares of McDonald's in a research note on Thursday. Finally, Piper Sandler boosted their price target on shares of McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Thirteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, McDonald's presently has an average rating of "Moderate Buy" and an average price target of $324.96.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on 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 directly owns 11,161 shares in the company, valued at $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.25% of the company's stock.

McDonald's Price Performance

MCD stock opened at $307.44 on Friday. The company's 50 day simple moving average is $312.29 and its 200-day simple moving average is $302.66. The firm has a market capitalization of $219.83 billion, a PE ratio of 26.99, a P/E/G ratio of 3.10 and a beta of 0.56. McDonald's Co. has a 12 month low of $243.53 and a 12 month 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 business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.70 earnings per share. As a group, sell-side analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.30%. 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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