McDonald's Corporation (NYSE:MCD) Shares Bought by TFR Capital LLC.

TFR Capital LLC. raised its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 114.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,618 shares of the fast-food giant's stock after purchasing an additional 1,400 shares during the quarter. TFR Capital LLC.'s holdings in McDonald's were worth $818,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Red Door Wealth Management LLC boosted its holdings in shares of McDonald's by 1.9% in the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares during the last quarter. Aviva PLC raised its stake in shares of McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after acquiring an additional 23,024 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of McDonald's by 5.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after acquiring an additional 18,393 shares in the last quarter. Sagespring Wealth Partners LLC lifted its holdings in shares of McDonald's by 22.9% during the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after acquiring an additional 3,212 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its holdings in shares of McDonald's by 1.7% during the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after acquiring an additional 937 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

MCD opened at $299.80 on Friday. The company has a 50-day moving average of $304.11 and a 200-day moving average of $302.54. The company has a market capitalization of $214.37 billion, a P/E ratio of 26.46, a PEG ratio of 3.13 and a beta of 0.53. McDonald's Corporation has a 1-year low of $246.12 and a 1-year high of $326.32.

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

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is currently 62.49%.

Insider Activity

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction 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. This represents a 10.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total transaction of $270,920.28. Following the sale, the insider directly owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock valued at $1,165,843 in the last three months. Insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent research reports. Citigroup lifted their target price on shares of McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday. Truist Financial lifted their target price on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a report on Wednesday. TD Securities restated a "hold" rating and set a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Robert W. Baird lifted their target price on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $322.29.

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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