OneAscent Financial Services LLC Buys 4,261 Shares of McDonald's Corporation (NYSE:MCD)

OneAscent Financial Services LLC lifted its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 134.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,428 shares of the fast-food giant's stock after acquiring an additional 4,261 shares during the quarter. OneAscent Financial Services LLC's holdings in McDonald's were worth $2,326,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in McDonald's by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after purchasing an additional 526,466 shares during the period. Geode Capital Management LLC boosted its stake in McDonald's by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock valued at $4,652,768,000 after purchasing an additional 157,458 shares during the period. Capital Research Global Investors boosted its stake in McDonald's by 5.2% during the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock valued at $3,088,037,000 after purchasing an additional 531,070 shares during the period. Norges Bank bought a new stake in McDonald's during the 4th quarter valued at approximately $2,725,190,000. Finally, Northern Trust Corp boosted its stake in McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock valued at $2,570,511,000 after purchasing an additional 895,896 shares during the period. Institutional investors own 70.29% of the company's stock.

Analyst Ratings Changes

MCD has been the subject of a number of research reports. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $346.00 to $315.00 in a research report on Friday, June 6th. Piper Sandler raised their price objective on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Argus downgraded McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Robert W. Baird raised their price objective on McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Melius began 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. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, McDonald's currently has an average rating of "Hold" and an average price target of $319.72.

Insider Buying and Selling

In related news, CMO Edith Morgan Flatley sold 1,000 shares of McDonald's stock in a transaction that occurred 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 completion of the sale, the chief marketing officer directly owned 8,858 shares of the company's stock, valued at approximately $2,657,400. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. This trade represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,817 shares of company stock valued at $1,165,843. Insiders own 0.25% of the company's stock.

McDonald's Trading Down 1.2%

MCD stock opened at $296.87 on Friday. The business's 50-day moving average price is $302.50 and its two-hundred day moving average price is $302.81. McDonald's Corporation has a 1-year low of $246.12 and a 1-year high of $326.32. The firm has a market cap of $212.27 billion, a PE ratio of 26.20, a P/E/G ratio of 3.07 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.70 earnings per share. The company'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 year.

McDonald's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.38%. 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.

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