McDonald's Corporation (NYSE:MCD) Shares Acquired by Park Square Financial Group LLC

Park Square Financial Group LLC lifted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 85.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,497 shares of the fast-food giant's stock after buying an additional 1,152 shares during the quarter. McDonald's makes up approximately 0.6% of Park Square Financial Group LLC's portfolio, making the stock its 27th biggest position. Park Square Financial Group LLC's holdings in McDonald's were worth $780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCD. Granite Bay Wealth Management LLC raised its stake in shares of McDonald's by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after buying an additional 33 shares in the last quarter. CVA Family Office LLC raised its stake in shares of McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC raised its stake in shares of McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after buying an additional 33 shares in the last quarter. Northeast Financial Consultants Inc raised its position in shares of McDonald's by 0.5% during the fourth 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 period. Finally, Tealwood Asset Management Inc. raised its position in shares of McDonald's by 0.4% during the first 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 period. 70.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCD. Truist Financial boosted their target price on McDonald's from $350.00 to $356.00 and gave the stock a "buy" rating in a research report on Wednesday. BMO Capital Markets reaffirmed an "outperform" rating and set a $345.00 target price (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price on the stock in a research report on Thursday. TD Securities reaffirmed a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Finally, KeyCorp cut their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $322.29.

Insider Transactions at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,817 shares of company stock worth $1,165,843 in the last 90 days. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of NYSE MCD opened at $298.60 on Friday. The business's 50-day moving average price is $304.35 and its two-hundred day moving average price is $302.44. McDonald's Corporation has a one year low of $246.12 and a one year high of $326.32. The company has a market capitalization of $213.51 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results 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 firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the company posted $2.70 earnings per share. The business's quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.37%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

McDonald's Company 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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