McDonald's Corporation $MCD is CKW Financial Group's 4th Largest Position

Key Points

• CKW Financial Group increased its holdings in McDonald's Corporation by 4.4% during the first quarter, acquiring an additional 6,000 shares, bringing its total to 141,540 shares.
• McDonald's reported $3.19 earnings per share for the recent quarter, surpassing estimates of $3.15, with a net margin of 32.21%.
• The company declared a quarterly dividend of $1.77 per share, set to be paid on September 16th, reflecting a 2.3% dividend yield.

CKW Financial Group raised its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,540 shares of the fast-food giant's stock after purchasing an additional 6,000 shares during the period. McDonald's accounts for about 5.5% of CKW Financial Group's portfolio, making the stock its 4th biggest position. CKW Financial Group's holdings in McDonald's were worth $44,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald's in the fourth quarter worth approximately $25,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's in the fourth quarter worth approximately $29,000. Abound Financial LLC purchased a new stake in shares of McDonald's in the first quarter worth approximately $30,000. Copia Wealth Management purchased a new stake in shares of McDonald's in the fourth quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of McDonald's in the first quarter worth approximately $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MCD shares. BMO Capital Markets increased their price target on McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Guggenheim reissued a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Bank of America dropped their price objective on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research note on Friday, July 18th. Redburn Atlantic reissued a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Finally, Piper Sandler increased their price objective on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Eleven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $325.14.

McDonald's Stock Down 0.5%

Shares of McDonald's stock traded down $1.64 during trading on Friday, reaching $306.80. The company's stock had a trading volume of 727,878 shares, compared to its average volume of 3,531,191. The company has a market cap of $218.93 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 3.12 and a beta of 0.50. McDonald's Corporation has a 1-year low of $276.53 and a 1-year high of $326.32. The company has a 50-day simple moving average of $305.09 and a two-hundred day simple moving average of $306.61.

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

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the chief marketing officer owned 6,858 shares in the company, valued at $2,160,270. This trade represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jonathan Banner sold 1,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 8,341 shares of company stock worth $2,544,327 over the last quarter. Company insiders own 0.25% of the company's stock.

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.