Wedmont Private Capital Purchases 1,105 Shares of McDonald's Co. (NYSE:MCD)

Wedmont Private Capital raised its holdings in shares of McDonald's Co. (NYSE:MCD - Free Report) by 18.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,230 shares of the fast-food giant's stock after acquiring an additional 1,105 shares during the period. Wedmont Private Capital's holdings in McDonald's were worth $2,241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MCD. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's in the 4th quarter valued at about $25,000. Atala Financial Inc bought a new position in shares of McDonald's in the fourth quarter valued at about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of McDonald's during the fourth quarter worth approximately $27,000. Collier Financial acquired a new stake in shares of McDonald's during the fourth quarter worth $29,000. Finally, Pinney & Scofield Inc. bought a new stake in McDonald's in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $315.07, for a total value of $295,850.73. Following the completion of the transaction, the insider now owns 11,161 shares of the company's stock, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Northcoast Research lowered McDonald's from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Robert W. Baird raised their target price on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Piper Sandler boosted their price target 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. Finally, Wedbush increased their price target on McDonald's from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Thirteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, McDonald's has an average rating of "Moderate Buy" and a consensus price target of $324.96.

McDonald's Price Performance

Shares of NYSE MCD opened at $307.44 on Friday. McDonald's Co. has a 1-year low of $243.53 and a 1-year high of $326.32. The stock has a fifty day moving average price of $312.29 and a 200 day moving average price of $302.66. The company has a market cap of $219.83 billion, a PE ratio of 26.99, a P/E/G ratio of 3.10 and a beta of 0.56.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. 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 prior year, the firm posted $2.70 EPS. The company's revenue was down 3.5% compared to the same quarter last year. Analysts anticipate that McDonald's Co. will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, June 2nd. McDonald's's payout ratio is currently 62.49%.

McDonald's Company 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.

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