Financial Counselors Inc. Has $66.50 Million Holdings in McDonald's Corporation (NYSE:MCD)

Financial Counselors Inc. grew its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,899 shares of the fast-food giant's stock after purchasing an additional 3,188 shares during the period. McDonald's comprises about 1.0% of Financial Counselors Inc.'s investment portfolio, making the stock its 21st biggest position. Financial Counselors Inc.'s holdings in McDonald's were worth $66,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Callan Capital LLC boosted its position in shares of McDonald's by 12.0% during the 1st quarter. Callan Capital LLC now owns 2,546 shares of the fast-food giant's stock valued at $795,000 after acquiring an additional 272 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of McDonald's by 214.5% during the 1st quarter. TD Private Client Wealth LLC now owns 11,878 shares of the fast-food giant's stock valued at $3,710,000 after acquiring an additional 8,101 shares in the last quarter. OLD Republic International Corp boosted its position in shares of McDonald's by 1.6% during the 1st quarter. OLD Republic International Corp now owns 196,150 shares of the fast-food giant's stock valued at $61,271,000 after acquiring an additional 3,100 shares in the last quarter. Capital Advisors Inc. OK boosted its position in shares of McDonald's by 7.5% during the 1st quarter. Capital Advisors Inc. OK now owns 7,042 shares of the fast-food giant's stock valued at $2,200,000 after acquiring an additional 494 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of McDonald's by 5.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,298,746 shares of the fast-food giant's stock valued at $405,689,000 after acquiring an additional 63,954 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the company'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 owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,817 shares of company stock valued at $865,843 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Stock Down 0.7%

NYSE MCD traded down $1.93 during trading hours on Tuesday, hitting $291.60. The company's stock had a trading volume of 647,910 shares, compared to its average volume of 3,527,143. The stock has a fifty day moving average of $305.64 and a 200 day moving average of $302.53. McDonald's Corporation has a twelve month low of $243.53 and a twelve month high of $326.32. The firm has a market capitalization of $208.50 billion, a P/E ratio of 25.74, a PEG ratio of 3.07 and a beta of 0.53.

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, 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 firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.70 earnings per share. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is presently 62.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MCD shares. Citigroup boosted their price target on shares of McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Piper Sandler boosted their price target on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. 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. Truist Financial set a $350.00 price target on shares of McDonald's in a research report on Friday, May 2nd. Finally, Morgan Stanley restated an "equal weight" rating and issued a $324.00 price target (down from $329.00) on shares of McDonald's in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, McDonald's presently has a consensus rating of "Hold" and an average price target of $321.17.

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.