McDonald's Corporation (NYSE:MCD) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 30.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,969 shares of the fast-food giant's stock after purchasing an additional 122,938 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of McDonald's worth $166,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald's during the 4th quarter valued at $25,000. Pinney & Scofield Inc. bought a new position in shares of McDonald's during the 4th quarter valued at $29,000. GKV Capital Management Co. Inc. bought a new position in shares of McDonald's during the 4th quarter valued at $30,000. Abound Financial LLC bought a new position in shares of McDonald's during the 1st quarter valued at $30,000. Finally, Copia Wealth Management bought a new position in shares of McDonald's during the 4th quarter valued at $31,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at McDonald's

In related news, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the chief marketing officer owned 8,858 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business'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 directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 3,817 shares of company stock valued at $1,165,843. 0.25% of the stock is owned by insiders.

McDonald's Stock Up 0.5%

Shares of McDonald's stock traded up $1.36 on Thursday, reaching $300.26. The stock had a trading volume of 3,134,160 shares, compared to its average volume of 3,527,651. The company has a 50 day moving average price of $303.10 and a 200 day moving average price of $302.60. The stock has a market capitalization of $214.70 billion, a P/E ratio of 26.50, a P/E/G ratio of 3.12 and a beta of 0.53. McDonald's Corporation has a 1 year low of $246.12 and a 1 year high of $326.32.

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

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is 62.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. KeyCorp reduced their target price on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Morgan Stanley raised their price target on shares of McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a report on Monday. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target on the stock in a report on Thursday, July 10th. Piper Sandler lifted their price target on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Citigroup lifted their target price on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $319.48.

McDonald's 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.