McMill Wealth Management Makes New $523,000 Investment in McDonald's Corporation (NYSE:MCD)

Key Points

• McMill Wealth Management purchased a new position in McDonald's Corporation, acquiring 1,675 shares valued at approximately $523,000.
• Major institutional investors, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, have significantly increased their holdings in McDonald's, with institutional ownership now at 70.29%.
• McDonald's recently announced a quarterly dividend of $1.77, with an annualized yield of 2.4%, reflecting a payout ratio of 62.49%.

McMill Wealth Management acquired a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,675 shares of the fast-food giant's stock, valued at approximately $523,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MCD. Mascagni Wealth Management Inc. bought a new stake in McDonald's during the 4th quarter valued at $25,000. Abound Financial LLC purchased a new stake in shares of McDonald's during the 1st quarter worth $30,000. Pinney & Scofield Inc. bought a new stake in McDonald's during the fourth quarter valued at about $29,000. Redmont Wealth Advisors LLC purchased a new position in McDonald's in the first quarter valued at about $31,000. Finally, Financial Gravity Asset Management Inc. bought a new position in McDonald's in the first quarter worth about $31,000. 70.29% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of McDonald's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total value of $770,970.00. Following the sale, the executive vice president owned 8,754 shares of the company's stock, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the transaction, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,280 shares of company stock worth $2,215,178 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on MCD shares. Truist Financial raised their price target on shares of McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a report on Thursday. TD Cowen upped their price target on McDonald's from $305.00 to $315.00 and gave the stock a "hold" 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. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price on the stock in a research note on Thursday, July 10th. Finally, Loop Capital cut McDonald's from a "buy" rating to a "hold" rating and decreased their price target for the company from $346.00 to $315.00 in a research note on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $326.87.

McDonald's Stock Performance

NYSE MCD traded down $2.29 during mid-day trading on Friday, reaching $305.62. 2,621,959 shares of the stock were exchanged, compared to its average volume of 3,681,905. The company has a market capitalization of $218.09 billion, a P/E ratio of 26.19, a P/E/G ratio of 3.21 and a beta of 0.52. The business's 50 day moving average is $298.57 and its 200-day moving average is $304.33. McDonald's Corporation has a 1 year low of $265.33 and a 1 year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.04. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.97 EPS. Equities analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. McDonald's's payout ratio is 60.67%.

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.