Rational Advisors Inc. Purchases New Position in McDonald's Corporation (NYSE:MCD)

Rational Advisors Inc. bought a new position in shares of McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,369 shares of the fast-food giant's stock, valued at approximately $1,989,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Red Door Wealth Management LLC grew its holdings in shares of McDonald's by 1.9% during the first quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock worth $1,788,000 after buying an additional 109 shares during the last quarter. Aviva PLC grew its holdings in shares of McDonald's by 5.6% during the fourth quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock worth $125,350,000 after buying an additional 23,024 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of McDonald's by 5.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock worth $107,867,000 after buying an additional 18,393 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of McDonald's by 22.9% during the first quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock worth $5,381,000 after buying an additional 3,212 shares during the last quarter. Finally, Segment Wealth Management LLC grew its holdings in shares of McDonald's by 1.7% during the first quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock worth $17,078,000 after buying an additional 937 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In related 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 value of $300,000.00. Following the completion of the sale, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. This represents a 8.41% 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. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MCD. Piper Sandler raised their price target on McDonald's from $292.00 to $314.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. TD Securities reiterated a "hold" rating and set a $305.00 target price on shares of McDonald's in a research report on Thursday, June 5th. Morgan Stanley reiterated an "equal weight" rating and set a $324.00 target price (down previously from $329.00) on shares of McDonald's in a research report on Monday, June 9th. Robert W. Baird boosted their target price 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, Citigroup boosted their target price on McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $322.29.

McDonald's Price Performance

NYSE:MCD traded up $1.41 during trading hours on Friday, reaching $299.80. 4,494,100 shares of the company traded hands, compared to its average volume of 3,532,598. The firm's 50-day moving average is $304.11 and its 200-day moving average is $302.48. The stock has a market cap of $214.37 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.11 and a beta of 0.53. McDonald's Corporation has a 1-year low of $246.12 and a 1-year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the firm earned $2.70 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. As a group, research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is currently 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.