CW Advisors LLC Boosts Stock Holdings in McDonald's Corporation $MCD

Key Points

• CW Advisors LLC increased its stake in McDonald's by 18.6%, owning 83,766 shares worth approximately $26.15 million after purchasing an additional 13,122 shares in the first quarter.
• Despite these investments, several analysts have differing opinions on McDonald's stock, with 13 recommending a "Buy," 13 a "Hold," and 2 a "Sell," and a consensus price target of $326.87.
• McDonald's recently announced a quarterly dividend of $1.77 per share, which will be paid to shareholders on September 16th, reflecting an annualized yield of 2.3%.

CW Advisors LLC raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 18.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,766 shares of the fast-food giant's stock after purchasing an additional 13,122 shares during the quarter. CW Advisors LLC's holdings in McDonald's were worth $26,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Mascagni Wealth Management Inc. acquired a new stake in McDonald's in the fourth quarter valued at approximately $25,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's in the 4th quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in shares of McDonald's in the 1st quarter valued at $30,000. Copia Wealth Management purchased a new stake in shares of McDonald's during the 4th quarter worth $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of McDonald's during the 1st quarter worth $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald's

In related news, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total transaction of $310,000.00. Following the transaction, the executive vice president owned 99 shares of the company's stock, valued at $30,690. This trade represents a 90.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 976 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $303.50, for a total value of $296,216.00. Following the sale, the chief marketing officer directly owned 7,882 shares of the company's stock, valued at approximately $2,392,187. This represents a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,341 shares of company stock worth $2,229,327 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Stock Performance

NYSE MCD traded up $0.5810 on Friday, reaching $313.8010. The stock had a trading volume of 2,796,690 shares, compared to its average volume of 3,530,048. The stock has a market cap of $223.93 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.52. McDonald's Corporation has a 12-month low of $276.53 and a 12-month high of $326.32. The business's 50-day moving average price is $299.02 and its 200 day moving average price is $305.84.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the firm posted $2.97 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's dividend payout ratio is 60.67%.

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. Bank of America dropped their target price on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. 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. Stifel Nicolaus boosted their target price on McDonald's from $300.00 to $315.00 and gave the stock a "hold" rating in a research note on Friday. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Finally, Loop Capital cut shares of McDonald's from a "buy" rating to a "hold" rating and cut their price objective for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $326.38.

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.