McDonald's Co. (NYSE:MCD) Stock Position Increased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC lifted its position in McDonald's Co. (NYSE:MCD - Free Report) by 22.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,226 shares of the fast-food giant's stock after buying an additional 3,212 shares during the period. Sagespring Wealth Partners LLC's holdings in McDonald's were worth $5,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Granite Bay Wealth Management LLC increased its stake in shares of McDonald's by 3.5% during 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 last quarter. CVA Family Office LLC increased its stake in shares of McDonald's by 1.9% during 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 last quarter. Northeast Financial Consultants Inc increased its stake in shares of McDonald's by 0.5% during 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 last quarter. Tealwood Asset Management Inc. increased its stake in shares of McDonald's by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after purchasing an additional 34 shares during the last quarter. Finally, Pettee Investors Inc. increased its stake in shares of McDonald's by 0.7% during the 4th quarter. Pettee Investors Inc. now owns 5,401 shares of the fast-food giant's stock worth $1,566,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD opened at $301.57 on Monday. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The company has a market cap of $215.63 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.10 and a beta of 0.56. The firm has a fifty day moving average price of $311.95 and a two-hundred day moving average price of $303.03.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm posted $2.70 EPS. The firm's revenue was down 3.5% compared to the same quarter last year. Equities research analysts expect that McDonald's Co. will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's dividend payout ratio is currently 62.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. KeyCorp raised their price target on shares of McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research note on Friday. Finally, BTIG Research reiterated a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, McDonald's has a consensus rating of "Hold" and an average target price of $321.79.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $315.07, for a total transaction of $295,850.73. Following the completion of the sale, the insider now directly owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

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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