Vision Capital Management Inc. Purchases New Position in McDonald's Corporation (NYSE:MCD)

Vision Capital Management Inc. acquired a new position in McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,130 shares of the fast-food giant's stock, valued at approximately $353,000.

A number of other hedge funds also recently added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. purchased a new stake in McDonald's during the 4th quarter valued at $25,000. Atala Financial Inc purchased a new stake in McDonald's during the 4th quarter valued at $26,000. Pinney & Scofield Inc. purchased a new stake in McDonald's during the 4th quarter valued at $29,000. GKV Capital Management Co. Inc. purchased a new stake in McDonald's during the 4th quarter valued at $30,000. Finally, Abound Financial LLC purchased a new stake in McDonald's during the 1st quarter valued at $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Trading Up 0.5%

McDonald's stock traded up $1.41 during mid-day trading on Friday, hitting $299.80. The stock had a trading volume of 4,494,100 shares, compared to its average volume of 3,528,540. The firm has a market capitalization of $214.37 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.13 and a beta of 0.53. The firm's 50 day moving average is $304.11 and its 200 day moving average is $302.59. McDonald's Corporation has a one year low of $246.12 and a one year high of $326.32.

McDonald's (NYSE:MCD - Get Free Report) last announced 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. The business had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $6.17 billion. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 EPS. As a group, equities research analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's payout ratio is currently 62.49%.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. Morgan Stanley reiterated an "equal weight" rating and set a $324.00 target price (down from $329.00) on shares of McDonald's in a research note on Monday, June 9th. Piper Sandler boosted their target price on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. BTIG Research reissued a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price objective for the company in a research report on Thursday. Finally, Erste Group Bank downgraded shares of McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, McDonald's currently has a consensus rating of "Hold" and a consensus target price of $322.29.

Insider Buying and Selling at McDonald's

In other McDonald's news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the sale, the insider owned 10,222 shares in the company, valued at $2,949,251.44. The trade was a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief marketing officer owned 8,858 shares in the company, valued at approximately $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. Corporate insiders own 0.25% of the company's stock.

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.