McDonald's Corporation (NYSE:MCD) Shares Purchased by WealthShield Partners LLC

Key Points

• WealthShield Partners LLC increased its stake in McDonald's Corporation by 32.2% during the first quarter, purchasing an additional 1,461 shares, bringing their total holdings to 6,002 shares, valued at approximately $1,875,000.
• Insider trading activity included sales of 939 shares by Joseph M. Erlinger and 1,000 shares by CMO Edith Morgan Flatley, showing declines in their respective ownership percentages of 9.19% and 10.14%.
• McDonald's disclosed a quarterly dividend of $1.77 per share, representing a 2.4% dividend yield, with the dividend payment scheduled for September 16th for stockholders of record on September 2nd.

WealthShield Partners LLC lifted its position in McDonald's Corporation (NYSE:MCD - Free Report) by 32.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,002 shares of the fast-food giant's stock after acquiring an additional 1,461 shares during the period. WealthShield Partners LLC's holdings in McDonald's were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in McDonald's by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 70,409,095 shares of the fast-food giant's stock valued at $21,993,689,000 after acquiring an additional 239,753 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of McDonald's by 19.6% in the first 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 during the period. Planning Alternatives Ltd. ADV purchased a new position in shares of McDonald's during the first quarter worth $245,000. PrairieView Partners LLC lifted its position in McDonald's by 25.0% during the first quarter. PrairieView Partners LLC now owns 250 shares of the fast-food giant's stock valued at $78,000 after purchasing an additional 50 shares during the period. Finally, McMill Wealth Management purchased a new stake in McDonald's in the first quarter valued at $523,000. Hedge funds and other institutional investors own 70.29% of the company's stock.

McDonald's Trading Down 0.7%

MCD stock traded down $2.29 during mid-day trading on Friday, reaching $305.62. The company's stock had a trading volume of 2,621,959 shares, compared to its average volume of 3,681,905. The company's 50 day moving average is $298.57 and its two-hundred day moving average is $304.33. McDonald's Corporation has a fifty-two week low of $265.33 and a fifty-two week high of $326.32. The stock has a market cap of $218.09 billion, a PE ratio of 26.19, a P/E/G ratio of 3.21 and a beta of 0.52.

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

McDonald's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.3%. McDonald's's payout ratio is presently 60.67%.

Analysts Set New Price Targets

A number of research firms have weighed in on MCD. TD Securities reiterated a "hold" rating and set a $305.00 price objective on shares of McDonald's in a research note on Thursday, June 5th. Piper Sandler lifted their price target on McDonald's from $314.00 to $325.00 and gave the company a "neutral" rating in a research report on Thursday. Morgan Stanley upped their price objective on McDonald's from $324.00 to $326.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Evercore ISI lifted their target price on shares of McDonald's from $350.00 to $360.00 and gave the company an "outperform" rating in a report on Friday. Finally, Melius began coverage on shares of McDonald's in a report on Monday, July 14th. They set a "sell" rating and a $250.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $326.87.

Insider Activity

In related news, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total transaction of $281,221.11. Following the completion of the sale, the insider directly owned 9,283 shares in the company, valued at approximately $2,780,165.67. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,280 shares of company stock valued at $2,215,178. 0.25% of the stock is currently owned by insiders.

About McDonald's

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.