OneDigital Investment Advisors LLC Has $15.43 Million Stock Position in McDonald's Corporation (NYSE:MCD)

OneDigital Investment Advisors LLC raised its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 5.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,380 shares of the fast-food giant's stock after acquiring an additional 2,487 shares during the period. OneDigital Investment Advisors LLC's holdings in McDonald's were worth $15,425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in shares of McDonald's during the 4th quarter worth $25,000. Atala Financial Inc acquired a new position in shares of McDonald's during the 4th quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's during the 4th quarter worth $29,000. Redmont Wealth Advisors LLC acquired a new position in shares of McDonald's during the 1st quarter worth $31,000. Finally, Fairway Wealth LLC raised its holdings in shares of McDonald's by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after buying an additional 55 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the business'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 transaction, the insider directly owned 10,222 shares of the company's stock, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is owned by insiders.

McDonald's Stock Performance

Shares of NYSE:MCD traded down $0.83 during midday trading on Friday, reaching $293.80. The company's stock had a trading volume of 1,678,645 shares, compared to its average volume of 3,536,052. The firm has a market capitalization of $210.08 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.07 and a beta of 0.53. The firm has a 50 day moving average price of $306.11 and a two-hundred day moving average price of $302.36. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week 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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.70 EPS. As a group, research analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio is 62.49%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Piper Sandler boosted 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. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Loop Capital lowered 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. Robert W. Baird boosted 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, Redburn Atlantic restated a "sell" rating and set a $260.00 price objective (down previously from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $321.17.

McDonald's Company 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.