Graypoint LLC Raises Stock Holdings in McDonald's Corporation (NYSE:MCD)

Graypoint LLC lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 24.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,695 shares of the fast-food giant's stock after purchasing an additional 2,133 shares during the quarter. Graypoint LLC's holdings in McDonald's were worth $3,341,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MCD. Brighton Jones LLC increased its stake in McDonald's by 21.6% during the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock worth $2,692,000 after acquiring an additional 1,649 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in McDonald's by 2.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock worth $563,000 after acquiring an additional 52 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in McDonald's by 15.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 209,464 shares of the fast-food giant's stock worth $60,722,000 after acquiring an additional 27,774 shares during the last quarter. GHE LLC grew its stake in shares of McDonald's by 0.9% during the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock valued at $4,255,000 after buying an additional 136 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of McDonald's by 50.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,038 shares of the fast-food giant's stock valued at $591,000 after buying an additional 686 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald's

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,817 shares of company stock valued at $1,165,843. Company insiders own 0.25% of the company's stock.

McDonald's Price Performance

NYSE MCD traded down $3.50 during midday trading on Friday, hitting $296.87. 3,477,177 shares of the company traded hands, compared to its average volume of 3,527,464. The company has a market cap of $212.27 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. The company's 50-day simple moving average is $302.83 and its 200-day simple moving average is $302.68. McDonald's Corporation has a 52 week low of $246.12 and a 52 week high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.70 EPS. On average, research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.38%. McDonald's's dividend payout ratio is presently 62.49%.

Analysts Set New Price Targets

A number of research analysts have recently commented on MCD shares. KeyCorp cut their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Piper Sandler upped their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Citigroup upped their target price on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Argus cut McDonald's from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Two investment 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $319.72.

About McDonald's

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.