OneAscent Family Office LLC Has $654,000 Stake in McDonald's Corporation (NYSE:MCD)

OneAscent Family Office LLC raised its position in McDonald's Corporation (NYSE:MCD - Free Report) by 105.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,094 shares of the fast-food giant's stock after purchasing an additional 1,073 shares during the period. OneAscent Family Office LLC's holdings in McDonald's were worth $654,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MCD. Granite Bay Wealth Management LLC lifted its stake in McDonald's by 3.5% during the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after purchasing an additional 33 shares during the last quarter. CVA Family Office LLC lifted its stake in McDonald's by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock valued at $560,000 after buying an additional 33 shares during the last quarter. Consilium Wealth Advisory LLC lifted its stake in McDonald's by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after buying an additional 33 shares during the last quarter. Northeast Financial Consultants Inc lifted its stake in McDonald's by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant's stock valued at $2,170,000 after buying an additional 34 shares during the last quarter. Finally, Tealwood Asset Management Inc. lifted its stake in McDonald's by 0.4% in the first quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant's stock valued at $2,535,000 after buying an additional 34 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Insider Buying and Selling at McDonald's

In other news, 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 owned 10,222 shares in the company, valued at $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company'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 completion of the sale, the chief marketing officer owned 8,858 shares of the company's stock, valued at $2,657,400. This represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,817 shares of company stock worth $1,165,843. 0.25% of the stock is owned by insiders.

McDonald's Price Performance

Shares of MCD stock traded up $2.01 during trading on Tuesday, reaching $297.75. The company had a trading volume of 1,337,986 shares, compared to its average volume of 3,517,821. The firm's 50 day simple moving average is $302.50 and its two-hundred day simple moving average is $302.88. The company has a market capitalization of $212.90 billion, a PE ratio of 26.29, a PEG ratio of 3.07 and a beta of 0.53. McDonald's Corporation has a one year low of $246.12 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. McDonald's's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.70 earnings per share. Analysts forecast that McDonald's Corporation will post 12.25 earnings per share 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 paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.38%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio is 62.49%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MCD. TD Securities reiterated a "hold" rating and issued a $305.00 target price on shares of McDonald's in a research note on Thursday, June 5th. BMO Capital Markets reissued an "outperform" rating and set a $345.00 price target (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Citigroup raised their price target on McDonald's from $364.00 to $365.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Bank of America lowered their target price on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $319.72.

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.