McDonald's Corporation (NYSE:MCD) Stock Holdings Lifted by Trajan Wealth LLC

Key Points

• Trajan Wealth LLC increased its holdings in McDonald's by 6.5%, purchasing an additional 914 shares, bringing its total shares to 14,991, valued at approximately $4.68 million.
• Several institutional investors, including Goldman Sachs and Vanguard Group, raised their stakes in McDonald's, indicating strong institutional interest with 70.29% of the stock owned by these investors.
• McDonald's announced a quarterly dividend of $1.77, which will be paid out on September 16th, representing a yield of 2.3% and a dividend payout ratio of 60.67%.

Trajan Wealth LLC raised its stake in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 6.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 14,991 shares of the fast-food giant's stock after purchasing an additional 914 shares during the period. Trajan Wealth LLC's holdings in McDonald's were worth $4,683,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. WealthPlan Investment Management LLC raised its stake in McDonald's by 0.9% during the 1st 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 in the last quarter. Granite Bay Wealth Management LLC raised its stake 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 acquiring an additional 33 shares in the last quarter. CVA Family Office LLC raised its stake 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 acquiring an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC raised its stake in McDonald's by 2.5% during the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant's stock worth $417,000 after acquiring an additional 33 shares in the last quarter. Finally, Security Financial Services INC. raised its stake in McDonald's by 0.7% during the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant's stock worth $1,575,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Activity at McDonald's

In other McDonald's news, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $310.00, for a total transaction of $770,970.00. Following the sale, the executive vice president directly owned 8,754 shares in the company, valued at approximately $2,713,740. The trade was a 22.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the sale, the insider owned 9,283 shares in the company, valued at $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,280 shares of company stock worth $2,215,178 in the last ninety days. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MCD shares. Truist Financial lifted their price objective on shares of McDonald's from $356.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Evercore ISI lifted their price objective on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. TD Securities reaffirmed a "hold" rating and issued a $305.00 target price on shares of McDonald's in a report on Thursday, June 5th. Piper Sandler lifted their target price on shares of McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Bank of America decreased their price objective on shares of McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $326.87.

McDonald's Trading Down 0.1%

NYSE MCD traded down $0.19 during trading hours on Friday, reaching $308.76. 3,404,055 shares of the company traded hands, compared to its average volume of 3,615,135. McDonald's Corporation has a 12 month low of $274.70 and a 12 month high of $326.32. The stock has a market capitalization of $220.33 billion, a PE ratio of 26.46, a PEG ratio of 3.11 and a beta of 0.52. The company has a 50 day moving average of $298.03 and a two-hundred day moving average of $304.85.

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

McDonald's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $1.77 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's dividend payout ratio (DPR) is currently 60.67%.

McDonald's 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.