McDonald's Corporation $MCD Shares Acquired by TriaGen Wealth Management LLC

Key Points

• TriaGen Wealth Management LLC increased its stake in McDonald's by 861.7% in the first quarter, purchasing an additional 12,942 shares, bringing its total to 14,444 shares worth approximately $4.5 million.
• Institutional investors own about 70.29% of McDonald's stock, with several major firms, such as Nuveen LLC and Goldman Sachs Group Inc., also significantly increasing their holdings in the company recently.
• McDonald's announced a quarterly dividend of $1.77 per share, resulting in an annualized yield of 2.3%, to be paid out on September 16th.

TriaGen Wealth Management LLC grew its position in McDonald's Corporation (NYSE:MCD - Free Report) by 861.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,444 shares of the fast-food giant's stock after purchasing an additional 12,942 shares during the period. McDonald's makes up approximately 1.6% of TriaGen Wealth Management LLC's holdings, making the stock its 11th largest holding. TriaGen Wealth Management LLC's holdings in McDonald's were worth $4,512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MCD. Nuveen LLC acquired a new position in McDonald's during the 1st quarter worth approximately $1,324,961,000. GAMMA Investing LLC lifted its position in McDonald's by 39,039.7% during the 1st quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after acquiring an additional 3,488,982 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in McDonald's during the 4th quarter worth approximately $350,935,000. Northern Trust Corp lifted its position in 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 worth $2,570,511,000 after acquiring an additional 895,896 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in McDonald's by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,982,825 shares of the fast-food giant's stock worth $1,556,485,000 after acquiring an additional 815,768 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald's Stock Performance

Shares of NYSE MCD traded up $1.0780 during trading on Friday, reaching $314.2980. The stock had a trading volume of 1,284,813 shares, compared to its average volume of 3,587,010. McDonald's Corporation has a one year low of $276.53 and a one year high of $326.32. The stock has a market cap of $224.28 billion, a PE ratio of 26.94, a P/E/G ratio of 3.19 and a beta of 0.52. The firm's 50 day moving average price is $298.77 and its two-hundred day moving average price is $305.56.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the firm posted $2.97 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business 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 dividend of $1.77 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 dividend on an annualized basis and a yield of 2.3%. McDonald's's payout ratio is currently 60.67%.

Insider Buying and Selling

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the transaction, the insider owned 9,283 shares in the company, valued at approximately $2,780,165.67. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Desiree Ralls-Morrison sold 2,487 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the transaction, the executive vice president owned 8,754 shares of the company's stock, valued at $2,713,740. This trade represents a 22.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,341 shares of company stock worth $2,229,327. 0.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MCD has been the topic of several recent research reports. Bank of America reduced their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Redburn Atlantic reissued a "sell" rating and set a $260.00 price target (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. Stifel Nicolaus upped their target price on McDonald's from $300.00 to $315.00 and gave the company a "hold" rating in a research report on Friday. Erste Group Bank lowered McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Barclays upped their target price on McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, McDonald's has a consensus rating of "Hold" and a consensus target price of $326.38.

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.