Parr Mcknight Wealth Management Group LLC Boosts Position in McDonald's Corporation (NYSE:MCD)

Parr Mcknight Wealth Management Group LLC boosted its stake in McDonald's Corporation (NYSE:MCD - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,040 shares of the fast-food giant's stock after purchasing an additional 1,796 shares during the quarter. McDonald's makes up 0.8% of Parr Mcknight Wealth Management Group LLC's investment portfolio, making the stock its 29th largest position. Parr Mcknight Wealth Management Group LLC's holdings in McDonald's were worth $5,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in McDonald's by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock worth $20,341,391,000 after purchasing an additional 526,466 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 157,458 shares during the last quarter. Capital Research Global Investors boosted its position in shares of 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 acquiring an additional 531,070 shares during the last quarter. Norges Bank bought a new stake in shares of McDonald's during the 4th quarter valued at about $2,725,190,000. Finally, Northern Trust Corp boosted its position in shares of 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 acquiring an additional 895,896 shares during the last quarter. Institutional investors own 70.29% of the company's stock.

McDonald's Price Performance

McDonald's stock traded up $1.41 during trading hours on Friday, reaching $299.80. The company had a trading volume of 4,494,100 shares, compared to its average volume of 3,532,598. The company has a 50-day moving average price of $304.11 and a 200 day moving average price of $302.48. The firm has a market cap of $214.37 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 3.11 and a beta of 0.53. McDonald's Corporation has a 12-month low of $246.12 and a 12-month high of $326.32.

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, hitting 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%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.70 EPS. As a group, research analysts expect 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. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. McDonald's's dividend payout ratio (DPR) is currently 62.49%.

Insider Buying and Selling

In other news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the chief marketing officer directly owned 8,858 shares in the company, valued at $2,657,400. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,817 shares of company stock worth $1,165,843 over the last ninety days. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target for the company in a research report on Thursday. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and dropped their price target for the company from $346.00 to $315.00 in a research report on Friday, June 6th. TD Securities reiterated a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. Finally, Redburn Atlantic reiterated a "sell" rating and set a $260.00 price target (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, fourteen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $322.29.

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.