Lineweaver Wealth Advisors LLC Has $3.82 Million Holdings in McDonald's Corporation (NYSE:MCD)

Lineweaver Wealth Advisors LLC increased its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,234 shares of the fast-food giant's stock after buying an additional 1,055 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in McDonald's were worth $3,824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mascagni Wealth Management Inc. bought a new position in McDonald's during the 4th quarter valued at $25,000. Pinney & Scofield Inc. bought a new position in McDonald's during the 4th quarter valued at $29,000. GKV Capital Management Co. Inc. bought a new position in McDonald's during the 4th quarter valued at $30,000. Abound Financial LLC bought a new position in McDonald's during the 1st quarter valued at $30,000. Finally, Copia Wealth Management bought a new position in McDonald's during the 4th quarter valued at $31,000. 70.29% of the stock is owned by institutional investors.

McDonald's Price Performance

Shares of NYSE:MCD traded up $1.36 during trading on Thursday, reaching $300.26. The stock had a trading volume of 3,123,267 shares, compared to its average volume of 3,626,849. McDonald's Corporation has a 52 week low of $246.12 and a 52 week high of $326.32. The business's 50-day moving average price is $303.10 and its 200 day moving average price is $302.60. The stock has a market capitalization of $214.70 billion, a PE ratio of 26.50, a P/E/G ratio of 3.12 and a beta of 0.53.

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. 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 analysts' expectations of $6.17 billion. During the same quarter in the previous year, the company posted $2.70 EPS. McDonald's's revenue was down 3.5% on a year-over-year basis. Analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

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

Insider Buying and Selling at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction 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 in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 3,817 shares of company stock valued at $1,165,843 in the last quarter. Corporate insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of a number of research reports. Piper Sandler increased their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Barclays raised their price objective on McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Melius assumed coverage on McDonald's in a research note on Monday. They set a "sell" rating and a $250.00 price objective for the company. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group raised McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $319.48.

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.