Redwood Investment Management LLC Acquires Shares of 1,512 McDonald's Corporation $MCD

Key Points

• Redwood Investment Management LLC acquired 1,512 shares of McDonald's Corporation, valued at approximately $472,000, during the first quarter.
• Institutional investors and hedge funds collectively own 70.29% of McDonald's stock, reflecting significant institutional interest in the fast-food giant.
• McDonald's recently declared a quarterly dividend of $1.77 per share, which is set to be paid on September 16th, demonstrating its ongoing commitment to returning value to shareholders.

Redwood Investment Management LLC acquired a new position in McDonald's Corporation (NYSE:MCD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,512 shares of the fast-food giant's stock, valued at approximately $472,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MCD. WealthPlan Investment Management LLC raised its stake in shares of McDonald's by 0.9% in the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant's stock worth $1,134,000 after acquiring an additional 32 shares during the last quarter. Granite Bay Wealth Management LLC lifted its holdings in McDonald's by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant's stock worth $309,000 after buying an additional 33 shares in the last quarter. CVA Family Office LLC lifted its holdings in McDonald's by 1.9% during the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant's stock worth $560,000 after buying an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC boosted its position in McDonald's by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock valued at $417,000 after buying an additional 33 shares during the last quarter. Finally, Security Financial Services INC. increased its stake in shares of McDonald's by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock valued at $1,575,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Activity at McDonald's

In related news, CMO Edith Morgan Flatley sold 976 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $303.50, for a total transaction of $296,216.00. Following the sale, the chief marketing officer directly owned 7,882 shares in the company, valued at $2,392,187. This trade represents a 11.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares in the company, valued at $2,713,740. This represents a 22.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,341 shares of company stock worth $2,229,327 over the last three months. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BMO Capital Markets reiterated an "outperform" rating and issued a $350.00 price target (up previously from $345.00) on shares of McDonald's in a report on Thursday, August 7th. Guggenheim reaffirmed a "neutral" rating on shares of McDonald's in a research note on Friday, August 8th. Robert W. Baird lifted their price target on shares of McDonald's from $300.00 to $315.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Northcoast Research lowered shares of McDonald's from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Finally, TD Cowen lifted their target price on shares of McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $326.38.

McDonald's Trading Down 0.5%

Shares of McDonald's stock opened at $311.52 on Thursday. McDonald's Corporation has a 12 month low of $276.53 and a 12 month high of $326.32. The stock's fifty day simple moving average is $300.22 and its 200 day simple moving average is $306.14. The company has a market capitalization of $222.30 billion, a PE ratio of 26.69, a PEG ratio of 3.19 and a beta of 0.52.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the firm posted $2.97 earnings per share. McDonald's's revenue was up 5.4% compared to the same quarter last year. Analysts predict that McDonald's Corporation will post 12.25 EPS for the current fiscal year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's dividend payout ratio is 60.67%.

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.

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