TruNorth Capital Management LLC Has $519,000 Stock Holdings in McDonald's Corporation (NYSE:MCD)

TruNorth Capital Management LLC lifted its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 259.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,663 shares of the fast-food giant's stock after purchasing an additional 1,200 shares during the quarter. TruNorth Capital Management LLC's holdings in McDonald's were worth $519,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MCD. Norges Bank acquired a new position in McDonald's in the fourth quarter valued at $2,725,190,000. GAMMA Investing LLC increased its position in shares of 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 worth $1,092,645,000 after acquiring an additional 3,488,982 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of McDonald's during the fourth quarter worth about $350,935,000. Northern Trust Corp increased its holdings in McDonald's by 11.2% in 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 during the last quarter. Finally, Franklin Resources Inc. increased its holdings in McDonald's by 24.4% in 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 during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company's 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 transaction, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on 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 transaction, the insider directly owned 10,222 shares in the company, valued at $2,949,251.44. This trade represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,817 shares of company stock worth $1,165,843. Company insiders own 0.25% of the company's stock.

McDonald's Trading Up 0.6%

NYSE:MCD traded up $1.70 during trading hours on Monday, hitting $301.61. 1,244,720 shares of the stock traded hands, compared to its average volume of 3,520,359. The firm has a 50 day moving average price of $304.11 and a 200 day moving average price of $302.59. McDonald's Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32. The firm has a market cap of $215.66 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 3.13 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the business earned $2.70 EPS. The company's revenue was down 3.5% on a year-over-year basis. Research analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

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 dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.35%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Wall Street Analyst Weigh In

Several research firms have recently commented on MCD. The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price for the company in a report on Thursday. Piper Sandler boosted their price objective on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Truist Financial upped 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, July 9th. Finally, KeyCorp cut their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $319.48.

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.