OneAscent Family Office LLC Grows Holdings in McDonald's Corporation (NYSE:MCD)

OneAscent Family Office LLC increased its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 105.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MCD. Granite Bay Wealth Management LLC grew its position in shares of McDonald's by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock valued at $309,000 after purchasing an additional 33 shares during the period. CVA Family Office LLC lifted its stake in shares of 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 worth $560,000 after acquiring an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC lifted its stake in shares of 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 worth $417,000 after acquiring an additional 33 shares in the last quarter. Northeast Financial Consultants Inc lifted its stake in shares of 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 worth $2,170,000 after acquiring an additional 34 shares in the last quarter. Finally, Tealwood Asset Management Inc. lifted its stake in shares of 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 worth $2,535,000 after acquiring an additional 34 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Price Performance

NYSE:MCD traded down $1.10 during mid-day trading on Wednesday, reaching $298.07. The stock had a trading volume of 726,138 shares, compared to its average volume of 3,514,981. The business's 50 day moving average is $302.50 and its 200 day moving average is $302.88. McDonald's Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32. The stock has a market cap of $213.13 billion, a P/E ratio of 26.28, a PEG ratio of 3.10 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 EPS for the quarter, meeting the consensus estimate of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $2.70 EPS. Equities analysts expect that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a yield of 2.38%. McDonald's's payout ratio is presently 62.49%.

Analyst Ratings Changes

MCD has been the subject of a number of research analyst reports. Melius initiated coverage on McDonald's in a report on Monday, July 14th. They issued a "sell" rating and a $250.00 target price for the company. Piper Sandler increased their target price on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. BMO Capital Markets reiterated an "outperform" rating and set a $345.00 price objective (up from $340.00) on shares of McDonald's in a report on Monday, May 5th. Finally, Robert W. Baird increased their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, McDonald's currently has a consensus rating of "Hold" and a consensus target price of $322.00.

Insider Transactions at McDonald's

In other McDonald's news, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. Insiders sold a total of 2,878 shares of company stock valued at $866,771 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

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.