McDonald's Corporation (NYSE:MCD) Stock Position Lifted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its holdings in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 90.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,529 shares of the fast-food giant's stock after buying an additional 16,902 shares during the quarter. McDonald's comprises approximately 1.7% of Turtle Creek Wealth Advisors LLC's portfolio, making the stock its 12th biggest holding. Turtle Creek Wealth Advisors LLC's holdings in McDonald's were worth $11,098,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MCD. Norges Bank purchased a new position in McDonald's during the fourth quarter worth about $2,725,190,000. GAMMA Investing LLC lifted its position in McDonald's by 39,039.7% during the first quarter. GAMMA Investing LLC now owns 3,497,919 shares of the fast-food giant's stock worth $1,092,645,000 after buying an additional 3,488,982 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in McDonald's during the fourth quarter worth about $350,935,000. Northern Trust Corp lifted its position in McDonald's by 11.2% during the fourth quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after buying an additional 895,896 shares during the period. Finally, Franklin Resources Inc. lifted its position in McDonald's by 24.4% during the fourth quarter. Franklin Resources Inc. now owns 4,054,387 shares of the fast-food giant's stock worth $1,175,326,000 after buying an additional 794,536 shares during the period. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MCD has been the topic of several recent analyst reports. Northcoast Research downgraded McDonald's from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. Loop Capital downgraded McDonald's from a "buy" rating to a "hold" rating and lowered their price target for the company from $346.00 to $315.00 in a research report on Friday, June 6th. Robert W. Baird boosted their price target on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Piper Sandler boosted their price target on McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, McDonald's currently has an average rating of "Hold" and a consensus target price of $319.48.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total value of $270,920.28. Following the transaction, the insider owned 10,222 shares in the company, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the sale, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. The trade was a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,817 shares of company stock worth $1,165,843. Insiders own 0.25% of the company's stock.

McDonald's Stock Performance

Shares of NYSE:MCD traded up $1.36 during trading on Thursday, hitting $300.26. The company's stock had a trading volume of 3,134,160 shares, compared to its average volume of 3,527,651. McDonald's Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32. The stock's 50-day moving average price is $302.83 and its two-hundred day moving average price is $302.68. The company has a market capitalization of $214.70 billion, a PE ratio of 26.50, a PEG ratio of 3.12 and a beta of 0.53.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 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 in the previous year, the firm posted $2.70 earnings per share. The company's revenue was down 3.5% compared to the same quarter last year. On average, equities analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid 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 62.49%.

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.