Freedom Day Solutions LLC Acquires 1,283 Shares of McDonald's Corporation (NYSE:MCD)

Freedom Day Solutions LLC raised its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 22.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,969 shares of the fast-food giant's stock after purchasing an additional 1,283 shares during the quarter. Freedom Day Solutions LLC's holdings in McDonald's were worth $2,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCD. Diversify Wealth Management LLC grew its stake in shares of McDonald's by 15.4% in the 1st quarter. Diversify Wealth Management LLC now owns 14,016 shares of the fast-food giant's stock worth $4,408,000 after acquiring an additional 1,871 shares in the last quarter. Stegent Equity Advisors Inc. grew its stake in shares of McDonald's by 59.2% in the 1st quarter. Stegent Equity Advisors Inc. now owns 4,066 shares of the fast-food giant's stock worth $1,270,000 after acquiring an additional 1,512 shares in the last quarter. Xponance Inc. grew its stake in shares of McDonald's by 1.1% in the 1st quarter. Xponance Inc. now owns 109,415 shares of the fast-food giant's stock worth $34,178,000 after acquiring an additional 1,237 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of McDonald's by 2.1% in the 1st quarter. Fidelis Capital Partners LLC now owns 7,394 shares of the fast-food giant's stock worth $2,342,000 after acquiring an additional 153 shares in the last quarter. Finally, Genus Capital Management Inc. grew its position in McDonald's by 200.0% during the first quarter. Genus Capital Management Inc. now owns 1,530 shares of the fast-food giant's stock valued at $478,000 after buying an additional 3,060 shares during the period. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the 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 transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the insider owned 10,222 shares in the company, valued at $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,817 shares of company stock worth $1,165,843. 0.25% of the stock is owned by company insiders.

McDonald's Trading Up 0.6%

Shares of McDonald's stock traded up $1.95 on Monday, reaching $301.86. The stock had a trading volume of 5,695,802 shares, compared to its average volume of 3,537,255. McDonald's Corporation has a 1 year low of $246.12 and a 1 year high of $326.32. The company has a market cap of $215.84 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53. The business's 50 day moving average is $304.11 and its two-hundred day moving average is $302.59.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. McDonald's's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.70 earnings per share. On average, equities analysts anticipate that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is 62.49%.

Analysts Set New Price Targets

Several research firms recently weighed in on MCD. Truist Financial increased their price target on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. The Goldman Sachs Group upgraded shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a research report on Thursday. Robert W. Baird increased their price target on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, BMO Capital Markets restated an "outperform" rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, McDonald's has an average rating of "Hold" and an average target price of $319.48.

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.