McDonald's Corporation (NYSE:MCD) Shares Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 149.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,151 shares of the fast-food giant's stock after buying an additional 3,689 shares during the quarter. Golden State Wealth Management LLC's holdings in McDonald's were worth $1,923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Granite Bay Wealth Management LLC grew its holdings in shares of McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC boosted its holdings in McDonald's by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after purchasing an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC grew its stake in shares of McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after buying an additional 33 shares during the period. Northeast Financial Consultants Inc grew its stake in shares of McDonald's by 0.5% in the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after buying an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. increased its holdings in shares of McDonald's by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock worth $2,535,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

MCD stock opened at $291.50 on Wednesday. The company's 50 day moving average price is $309.60 and its 200 day moving average price is $302.72. The firm has a market capitalization of $208.43 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 3.02 and a beta of 0.56. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. The company had revenue of $5.96 billion during 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%. The firm's revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.70 EPS. Equities analysts forecast that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio is presently 62.49%.

Insiders Place Their Bets

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 2,817 shares of company stock valued at $865,843 in the last ninety days. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MCD shares. Citigroup upped their price objective on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Barclays upped their price target on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Robert W. Baird boosted their price objective on shares of McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Truist Financial set a $350.00 target price on shares of McDonald's in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $321.79.

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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