McDonald's Corporation $MCD Shares Acquired by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in McDonald's by 8.6%, acquiring a total of 60,410 shares valued at approximately $18.87 million.
• Recent analyst ratings show conflicting views, with some firms lowering their ratings while others have increased their price targets, resulting in a current average rating of "Hold" with a consensus price target of $325.14.
• McDonald's recently declared a quarterly dividend of $1.77 per share, representing an annualized yield of 2.3%, with a payout ratio of 60.67%.

Empowered Funds LLC grew its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 8.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,410 shares of the fast-food giant's stock after buying an additional 4,801 shares during the period. Empowered Funds LLC's holdings in McDonald's were worth $18,870,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MCD. WealthPlan Investment Management LLC grew its holdings in McDonald's by 0.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock valued at $1,134,000 after buying an additional 32 shares in the last quarter. Granite Bay Wealth Management LLC lifted 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 acquiring an additional 33 shares during the last quarter. CVA Family Office LLC raised its position in 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 valued at $560,000 after purchasing an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC raised its position in McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after purchasing an additional 33 shares in the last quarter. Finally, Security Financial Services INC. increased its holdings in shares of McDonald's by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 70.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America cut their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. TD Securities reaffirmed a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Truist Financial boosted their price objective on McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Argus cut McDonald's from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Eleven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, McDonald's currently has an average rating of "Hold" and a consensus target price of $325.14.

Insider Transactions at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares of the company's stock, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the transaction, the chief marketing officer owned 6,858 shares of the company's stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,341 shares of company stock valued at $2,544,327 in the last 90 days. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

NYSE MCD traded down $2.94 during trading hours on Friday, reaching $305.49. The company's stock had a trading volume of 2,072,499 shares, compared to its average volume of 2,771,965. The firm has a market capitalization of $218.00 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.11 and a beta of 0.49. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company's 50-day moving average is $305.33 and its two-hundred day moving average is $306.57.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the business earned $2.97 EPS. McDonald's's quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

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

About McDonald's

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.