McDonald's Corporation (NYSE:MCD) Shares Bought by Liberty Wealth Management LLC

Key Points

• Liberty Wealth Management LLC significantly increased its holdings in McDonald's by 691.9% in the first quarter, now owning 9,297 shares worth approximately $2.9 million.
• Insider transactions revealed that McDonald's executives sold shares, with CMO Edith Morgan Flatley selling 1,000 shares at an average price of $300, reflecting a decrease in their stock ownership.
• McDonald's declared a quarterly dividend of $1.77 per share, which will be payable on September 16th, representing a yield of 2.3% based on its share price.

Liberty Wealth Management LLC increased its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 691.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,297 shares of the fast-food giant's stock after purchasing an additional 8,123 shares during the quarter. Liberty Wealth Management LLC's holdings in McDonald's were worth $2,904,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Malaga Cove Capital LLC purchased a new stake in McDonald's during the 1st quarter worth approximately $250,000. Banco Santander S.A. increased its stake in McDonald's by 4.1% during the 1st quarter. Banco Santander S.A. now owns 37,287 shares of the fast-food giant's stock worth $11,647,000 after buying an additional 1,463 shares in the last quarter. Westchester Capital Management Inc. increased its stake in McDonald's by 1.3% during the 1st quarter. Westchester Capital Management Inc. now owns 52,017 shares of the fast-food giant's stock worth $16,249,000 after buying an additional 654 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new stake in McDonald's during the 1st quarter worth approximately $233,000. Finally, IFG Advisory LLC increased its stake in McDonald's by 8.0% during the 1st quarter. IFG Advisory LLC now owns 5,945 shares of the fast-food giant's stock worth $1,857,000 after buying an additional 442 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% 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 McDonald's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief marketing officer owned 8,858 shares in the company, 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 have sold 3,817 shares of company stock worth $1,147,992 in the last quarter. Company insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.9%

Shares of NYSE MCD opened at $302.88 on Monday. The firm's 50-day moving average price is $299.44 and its two-hundred day moving average price is $303.83. McDonald's Corporation has a 52-week low of $265.33 and a 52-week high of $326.32. The stock has a market capitalization of $216.57 billion, a P/E ratio of 26.73, a P/E/G ratio of 3.17 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.67. The firm had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. McDonald's's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $2.70 earnings per share. As a group, equities research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MCD. Piper Sandler upped their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Citigroup upped their price target on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Bank of America dropped their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating for the company in a research report on Friday, July 18th. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a research report on Thursday, July 10th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $323.39.

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.

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