Trek Financial LLC Purchases 3,645 Shares of McDonald's Corporation (NYSE:MCD)

Trek Financial LLC lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 300.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,860 shares of the fast-food giant's stock after purchasing an additional 3,645 shares during the period. Trek Financial LLC's holdings in McDonald's were worth $1,518,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MCD. Brighton Jones LLC boosted its holdings in McDonald's by 21.6% in the fourth quarter. Brighton Jones LLC now owns 9,286 shares of the fast-food giant's stock valued at $2,692,000 after acquiring an additional 1,649 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in McDonald's by 2.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,942 shares of the fast-food giant's stock valued at $563,000 after acquiring an additional 52 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position 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 valued at $60,722,000 after buying an additional 27,774 shares during the period. GHE LLC lifted its position in 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 period. Finally, Proficio Capital Partners LLC lifted its position in 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 period. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on MCD shares. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Morgan Stanley reissued an "equal weight" rating and set a $324.00 price objective (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Truist Financial raised their price objective on McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research report on Wednesday. Citigroup raised their price objective on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, KeyCorp lowered their price objective on McDonald's from $340.00 to $325.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $322.29.

Insider Transactions at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated 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 directly owned 10,222 shares in the company, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,817 shares of company stock valued at $1,165,843. Corporate insiders own 0.25% of the company's stock.

McDonald's Trading Up 1.9%

NYSE:MCD traded up $5.58 during mid-day trading on Thursday, reaching $298.60. The company's stock had a trading volume of 5,364,588 shares, compared to its average volume of 3,536,694. McDonald's Corporation has a 12-month low of $246.12 and a 12-month high of $326.32. The firm's fifty day moving average price is $304.66 and its two-hundred day moving average price is $302.39. The stock has a market cap of $213.51 billion, a P/E ratio of 26.36, a PEG ratio of 3.06 and a beta of 0.53.

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

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.37%. McDonald's's dividend payout ratio is currently 62.49%.

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.