McDonald's Corporation (NYSE:MCD) is Edgestream Partners L.P.'s 7th Largest Position

Edgestream Partners L.P. increased its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 1,932.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,516 shares of the fast-food giant's stock after acquiring an additional 43,276 shares during the quarter. McDonald's makes up 0.5% of Edgestream Partners L.P.'s portfolio, making the stock its 7th biggest position. Edgestream Partners L.P.'s holdings in McDonald's were worth $14,218,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MCD. Norges Bank acquired a new stake in McDonald's during the fourth quarter valued at approximately $2,725,190,000. GAMMA Investing LLC raised its stake in McDonald's by 39,039.7% during the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock valued at $1,092,645,000 after buying an additional 3,488,982 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in McDonald's during the fourth quarter valued at approximately $350,935,000. Northern Trust Corp raised its stake in McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after buying an additional 895,896 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in McDonald's by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock valued at $1,175,326,000 after buying an additional 794,536 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Analysts Set New Price Targets

MCD has been the topic of several research reports. BMO Capital Markets restated an "outperform" rating and set a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Barclays upped their price objective on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Citigroup upped their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Redburn Atlantic reaffirmed a "sell" rating and set a $260.00 target price (down from $319.00) on shares of McDonald's in a report on Tuesday, June 10th. Finally, Piper Sandler upped their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $319.48.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,817 shares of company stock valued at $1,165,843 in the last quarter. Insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of NYSE:MCD traded down $0.91 on Wednesday, reaching $298.71. 2,756,877 shares of the company traded hands, compared to its average volume of 3,532,430. McDonald's Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32. The company's 50 day moving average is $303.49 and its 200-day moving average is $302.63. The stock has a market capitalization of $213.59 billion, a PE ratio of 26.36, a P/E/G ratio of 3.15 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. The company's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald's's dividend payout ratio (DPR) 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.