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

Diversify Wealth Management LLC lifted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 15.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,016 shares of the fast-food giant's stock after purchasing an additional 1,871 shares during the quarter. Diversify Wealth Management LLC's holdings in McDonald's were worth $4,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MCD. Mascagni Wealth Management Inc. purchased a new stake in McDonald's during the 4th quarter valued at $25,000. Atala Financial Inc purchased a new stake in shares of McDonald's in the 4th quarter worth $26,000. Pinney & Scofield Inc. purchased a new stake in shares of McDonald's in the 4th quarter worth $29,000. GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald's in the 4th quarter worth $30,000. Finally, Abound Financial LLC purchased a new stake in shares of McDonald's in the 1st quarter worth $30,000. 70.29% of the stock is owned by institutional investors.

Insider Activity at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction that occurred on 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 approximately $2,657,400. This trade represents a 10.14% 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. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Stock Performance

NYSE MCD traded up $1.41 during trading on Friday, hitting $299.80. The stock had a trading volume of 4,494,100 shares, compared to its average volume of 3,532,598. The stock has a market capitalization of $214.37 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 3.11 and a beta of 0.53. McDonald's Corporation has a one year low of $246.12 and a one year high of $326.32. The stock has a 50 day simple moving average of $304.35 and a 200 day simple moving average of $302.44.

McDonald's (NYSE:MCD - Get Free Report) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $2.70 earnings per share. On average, sell-side analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is 62.49%.

Wall Street Analyst Weigh In

MCD has been the subject of several analyst reports. Argus lowered McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Loop Capital lowered McDonald's from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $346.00 to $315.00 in a research note on Friday, June 6th. Redburn Atlantic restated a "sell" rating and issued a $260.00 price objective (down from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. Robert W. Baird upped their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Citigroup increased their price target on McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, McDonald's has an average rating of "Hold" and a consensus 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.