U.S. Capital Wealth Advisors LLC Raises Position in McDonald's Corporation (NYSE:MCD)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCD. Mascagni Wealth Management Inc. bought a new position in McDonald's in the fourth quarter valued at about $25,000. Atala Financial Inc acquired a new position in shares of McDonald's in the fourth quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's in the fourth quarter worth approximately $29,000. Fairway Wealth LLC increased its holdings in McDonald's by 110.0% in the fourth quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in McDonald's in the fourth quarter worth approximately $30,000. Institutional investors own 70.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MCD shares. Barclays lifted their target price on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Robert W. Baird lifted their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Citigroup lifted their target price on McDonald's from $353.00 to $364.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a research report on Monday, May 5th. Finally, Redburn Atlantic reissued a "sell" rating and issued a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $321.17.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of the company'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. This represents a 8.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 2,817 shares of company stock valued at $865,843 in the last 90 days. 0.25% of the stock is owned by insiders.

McDonald's Stock Down 0.6%

Shares of MCD stock traded down $1.75 on Tuesday, reaching $291.79. The stock had a trading volume of 757,803 shares, compared to its average volume of 3,527,698. The firm has a market capitalization of $208.64 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 3.07 and a beta of 0.53. McDonald's Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The firm's 50-day moving average is $305.64 and its two-hundred day moving average is $302.53.

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, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the business posted $2.70 earnings per share. The company's quarterly revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Monday, June 2nd. McDonald's's payout ratio is 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.