McDonald's Corporation (NYSE:MCD) Shares Purchased by Archford Capital Strategies LLC

Archford Capital Strategies LLC boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 26.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,140 shares of the fast-food giant's stock after acquiring an additional 2,319 shares during the period. Archford Capital Strategies LLC's holdings in McDonald's were worth $3,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aviva PLC raised its holdings in shares of McDonald's by 5.6% during the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after purchasing an additional 23,024 shares during the period. Sagespring Wealth Partners LLC grew its position in McDonald's by 22.9% in 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 buying an additional 3,212 shares in the last quarter. Segment Wealth Management LLC grew its position in McDonald's by 1.7% in 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 buying an additional 937 shares in the last quarter. Great Waters Wealth Management bought a new position in McDonald's in the 1st quarter valued at about $864,000. Finally, APG Asset Management N.V. lifted its holdings in McDonald's by 1,547.1% in the 4th quarter. APG Asset Management N.V. now owns 641,950 shares of the fast-food giant's stock valued at $179,715,000 after acquiring an additional 602,976 shares during the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $318.50, for a total transaction of $299,071.50. Following the transaction, the insider now owns 12,100 shares in the company, valued at $3,853,850. This trade represents a 7.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 2,817 shares of company stock worth $865,843 over the last 90 days. Insiders own 0.25% of the company's stock.

McDonald's Stock Performance

NYSE:MCD opened at $291.50 on Wednesday. The stock's 50 day moving average price is $309.60 and its 200 day moving average price is $302.72. McDonald's Corporation has a 52 week low of $243.53 and a 52 week high of $326.32. The company has a market capitalization of $208.43 billion, a P/E ratio of 25.73, a P/E/G ratio of 3.02 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting 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 prior year, the company posted $2.70 earnings per share. The firm's revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.43%. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MCD. Truist Financial set a $350.00 price target on shares of McDonald's in a report on Friday, May 2nd. Northcoast Research downgraded shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Piper Sandler upped their price objective on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Loop Capital lowered shares of McDonald's from a "buy" rating to a "hold" rating and reduced their price objective for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Finally, Barclays upped their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $321.79.

About McDonald's

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.

Want to see what other hedge funds are holding MCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDonald's Corporation (NYSE:MCD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.