Whitener Capital Management Inc. Has $9.49 Million Position in McDonald's Corporation (NYSE:MCD)

Whitener Capital Management Inc. boosted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,375 shares of the fast-food giant's stock after purchasing an additional 1,502 shares during the period. McDonald's comprises about 2.7% of Whitener Capital Management Inc.'s portfolio, making the stock its 9th largest holding. Whitener Capital Management Inc.'s holdings in McDonald's were worth $9,488,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MCD. Vanguard Group Inc. lifted its stake in McDonald's by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after acquiring an additional 526,466 shares during the last quarter. Geode Capital Management LLC raised its stake in McDonald's by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after purchasing an additional 157,458 shares in the last quarter. Capital Research Global Investors raised its stake in McDonald's by 5.2% in the 4th quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after purchasing an additional 531,070 shares in the last quarter. Norges Bank acquired a new stake in McDonald's in the 4th quarter worth about $2,725,190,000. Finally, Northern Trust Corp raised its stake in McDonald's by 11.2% in the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after purchasing an additional 895,896 shares in the last quarter. Institutional investors own 70.29% of the company's stock.

Insider Buying and Selling at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the company's stock in a transaction 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 completion of the sale, the chief marketing officer owned 8,858 shares in the company, valued at $2,657,400. This represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 939 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the sale, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,817 shares of company stock worth $1,165,843. Corporate insiders own 0.25% of the company's stock.

McDonald's Stock Up 0.5%

MCD traded up $1.41 during trading on Friday, hitting $299.80. 4,494,100 shares of the company's stock were exchanged, compared to its average volume of 3,528,540. The business's 50 day moving average is $304.11 and its two-hundred day moving average is $302.54. McDonald's Corporation has a fifty-two week low of $246.12 and a fifty-two week high of $326.32. The stock has a market cap of $214.37 billion, a P/E ratio of 26.46, a PEG ratio of 3.13 and a beta of 0.53.

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 for the quarter, hitting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the company posted $2.70 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts forecast that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on MCD. KeyCorp decreased their target price on shares of McDonald's from $340.00 to $325.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Citigroup boosted their target price on shares of McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a report on Wednesday. The Goldman Sachs Group raised shares of McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 target price on the stock in a report on Thursday. Barclays upped their price objective on shares of McDonald's from $347.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Truist Financial upped their price objective on shares of McDonald's from $350.00 to $356.00 and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $322.29.

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.