U.S. Capital Wealth Advisors LLC Acquires 2,989 Shares of McDonald's Corporation (NYSE:MCD)

U.S. Capital Wealth Advisors LLC lifted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,208 shares of the fast-food giant's stock after purchasing an additional 2,989 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in McDonald's were worth $17,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCD. Brighton Jones LLC lifted its stake in shares of McDonald's by 21.6% in 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 period. Revolve Wealth Partners LLC lifted its stake in shares of 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 worth $563,000 after acquiring an additional 52 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of McDonald's by 15.3% in 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 period. GHE LLC lifted its stake in shares of McDonald's by 0.9% in the fourth quarter. GHE LLC now owns 14,677 shares of the fast-food giant's stock worth $4,255,000 after acquiring an additional 136 shares during the period. Finally, Proficio Capital Partners LLC lifted its stake in shares of McDonald's by 50.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,038 shares of the fast-food giant's stock worth $591,000 after acquiring an additional 686 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Insider Transactions at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the company's 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 2,817 shares of company stock worth $865,843 in the last ninety days. Corporate insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of recent analyst reports. Truist Financial set a $350.00 price objective on McDonald's in a research note on Friday, May 2nd. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 24th. TD Securities reaffirmed a "hold" rating and issued a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price target (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Finally, KeyCorp dropped their price target 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. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $321.17.

McDonald's Price Performance

Shares of NYSE:MCD traded down $0.59 during trading on Monday, reaching $293.49. 3,402,996 shares of the stock were exchanged, compared to its average volume of 3,538,406. The stock has a fifty day moving average of $306.11 and a two-hundred day moving average of $302.52. McDonald's Corporation has a 1-year low of $243.53 and a 1-year high of $326.32. The firm has a market cap of $209.85 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (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 business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the company posted $2.70 earnings per share. McDonald's's revenue was down 3.5% compared to the same quarter last year. Sell-side analysts forecast that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date was Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.41%. McDonald's's dividend payout ratio (DPR) 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.