McDonald's Corporation (NYSE:MCD) Shares Bought by Trek Financial LLC

Trek Financial LLC lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 300.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,860 shares of the fast-food giant's stock after purchasing an additional 3,645 shares during the quarter. Trek Financial LLC's holdings in McDonald's were worth $1,518,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of McDonald's in the 4th quarter valued at about $2,725,190,000. GAMMA Investing LLC increased its holdings in shares of McDonald's by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after acquiring an additional 3,488,982 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of McDonald's during the 4th quarter worth approximately $350,935,000. Northern Trust Corp increased its holdings in shares of McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after acquiring an additional 895,896 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in McDonald's by 24.4% during the 4th quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after purchasing an additional 794,536 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

McDonald's Stock Performance

Shares of McDonald's stock traded up $1.41 during trading on Friday, hitting $299.80. The company's stock had a trading volume of 4,494,099 shares, compared to its average volume of 3,540,626. The company has a market capitalization of $214.37 billion, a PE ratio of 26.46, a P/E/G ratio of 3.06 and a beta of 0.53. The company has a fifty day simple moving average of $304.35 and a two-hundred day simple moving average of $302.44. 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 released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the company earned $2.70 EPS. McDonald's's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued 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 of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of McDonald's from $347.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Truist Financial lifted their target price on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research report on Wednesday. Northcoast Research cut McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Argus lowered shares of McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, BTIG Research restated a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $322.29.

Insider Activity

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business'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 transaction of $270,920.28. Following the sale, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction dated 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. This trade represents a 10.14% 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 three months. Insiders own 0.25% of the company's stock.

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.