McDonald's Corporation (NYSE:MCD) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 29.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,787 shares of the fast-food giant's stock after purchasing an additional 8,959 shares during the period. Concurrent Investment Advisors LLC's holdings in McDonald's were worth $12,428,000 at the end of the most recent reporting period.

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

Insider Activity at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred on 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 $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 2,817 shares of company stock worth $865,843 over the last quarter. 0.25% of the stock is owned by corporate insiders.

McDonald's Price Performance

MCD opened at $293.80 on Friday. McDonald's Corporation has a one year low of $243.53 and a one year high of $326.32. The company's 50 day simple moving average is $306.11 and its 200-day simple moving average is $302.36. The stock has a market capitalization of $210.08 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 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 business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the prior year, the firm earned $2.70 earnings per share. McDonald's's revenue was down 3.5% compared to the same quarter last year. As a group, analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.41%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MCD. Redburn Atlantic reissued a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Erste Group Bank lowered shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Barclays increased their price target on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. KeyCorp dropped their price target on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Finally, BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $321.17.

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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