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W.H. Cornerstone Investments Inc. Makes New $368,000 Investment in McDonald's Corporation (NYSE:MCD)

McDonald's logo with Retail/Wholesale background

Key Points

  • W.H. Cornerstone Investments Inc. has made a new investment of $368,000 in McDonald's Corporation, acquiring 1,177 shares in the first quarter.
  • McDonald's recently announced a quarterly dividend of $1.77 per share, with a dividend yield of 2.3% and a payout ratio of 62.49%.
  • The stock has a consensus rating of "Hold" with a target price of $323.39, as analysts rate the stock variably with two sell, thirteen hold, and thirteen buy recommendations.
  • Five stocks to consider instead of McDonald's.

W.H. Cornerstone Investments Inc. acquired a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,177 shares of the fast-food giant's stock, valued at approximately $368,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new stake in McDonald's in the fourth quarter valued at approximately $25,000. Pinney & Scofield Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $29,000. GKV Capital Management Co. Inc. purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $30,000. Abound Financial LLC purchased a new position in shares of McDonald's during the first quarter valued at approximately $30,000. Finally, Copia Wealth Management purchased a new position in shares of McDonald's during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a research report on Tuesday, April 22nd. KeyCorp cut their target price on McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Barclays lifted their target price on McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Erste Group Bank cut McDonald's from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Argus cut McDonald's from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, McDonald's currently has a consensus rating of "Hold" and a consensus target price of $323.39.

Read Our Latest Stock Analysis on MCD

McDonald's Price Performance

Shares of MCD opened at $302.88 on Monday. McDonald's Corporation has a 1 year low of $265.33 and a 1 year high of $326.32. The firm has a market cap of $216.57 billion, a PE ratio of 26.73, a PEG ratio of 3.17 and a beta of 0.52. The stock's fifty day moving average price is $299.44 and its two-hundred day moving average price is $303.83.

McDonald's (NYSE:MCD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.67. McDonald's had a negative return on equity of 195.27% and a net margin of 31.75%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.70 EPS. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal 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 paid a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. McDonald's's payout ratio is presently 62.49%.

Insiders Place Their Bets

In related news, 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 sale, the chief marketing officer directly owned 8,858 shares in the company, valued at approximately $2,657,400. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $299.49, for a total value of $281,221.11. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,817 shares of company stock worth $1,147,992. 0.25% of the stock is currently owned by corporate insiders.

McDonald's Profile

(Free Report)

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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Institutional Ownership by Quarter for McDonald's (NYSE:MCD)

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