Secure Asset Management LLC Purchases 2,156 Shares of McDonald's Co. (NYSE:MCD)

Secure Asset Management LLC increased its stake in shares of McDonald's Co. (NYSE:MCD - Free Report) by 28.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,676 shares of the fast-food giant's stock after buying an additional 2,156 shares during the period. Secure Asset Management LLC's holdings in McDonald's were worth $3,022,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. purchased a new position in McDonald's in the 4th quarter valued at approximately $25,000. Atala Financial Inc purchased a new position in McDonald's during the fourth quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in McDonald's during the fourth quarter valued at approximately $27,000. Collier Financial bought a new stake in McDonald's during the fourth quarter worth about $29,000. Finally, Pinney & Scofield Inc. bought a new position in shares of McDonald's during the 4th quarter valued at about $29,000. Institutional investors own 70.29% of the company's stock.

McDonald's Trading Down 0.9%

McDonald's stock traded down $2.81 during mid-day trading on Thursday, hitting $308.76. The company had a trading volume of 3,810,886 shares, compared to its average volume of 3,498,127. McDonald's Co. has a 12 month low of $243.53 and a 12 month high of $326.32. The stock's 50 day moving average price is $312.49 and its two-hundred day moving average price is $302.34. The company has a market capitalization of $220.78 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. McDonald's had a net margin of 31.73% and a negative return on equity of 181.63%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.70 EPS. Equities research analysts anticipate that McDonald's Co. will post 12.25 EPS for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $1.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. McDonald's's payout ratio is 62.49%.

Insider Buying and Selling at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of McDonald's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

MCD has been the topic of a number of analyst reports. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research note on Tuesday, April 22nd. Morgan Stanley lowered their price target on shares of McDonald's from $340.00 to $335.00 and set an "overweight" rating for the company in a report on Monday, March 17th. BMO Capital Markets reissued an "outperform" rating and issued a $345.00 price target (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. KeyCorp upped their price objective on shares of McDonald's from $335.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Finally, Truist Financial set a $350.00 target price on shares of McDonald's in a report on Friday, May 2nd. Twelve analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, McDonald's presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.13.

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.