Xponance Inc. Has $34.18 Million Stock Position in McDonald's Corporation (NYSE:MCD)

Xponance Inc. boosted its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,415 shares of the fast-food giant's stock after acquiring an additional 1,237 shares during the period. Xponance Inc.'s holdings in McDonald's were worth $34,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC grew its stake in shares of McDonald's by 1.9% in the 1st quarter. Red Door Wealth Management LLC now owns 5,724 shares of the fast-food giant's stock valued at $1,788,000 after purchasing an additional 109 shares during the period. Aviva PLC grew its stake in shares of McDonald's by 5.6% in the 4th quarter. Aviva PLC now owns 432,406 shares of the fast-food giant's stock valued at $125,350,000 after purchasing an additional 23,024 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of McDonald's by 5.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,319 shares of the fast-food giant's stock valued at $107,867,000 after purchasing an additional 18,393 shares during the period. Sagespring Wealth Partners LLC grew its stake in shares of McDonald's by 22.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 17,226 shares of the fast-food giant's stock valued at $5,381,000 after purchasing an additional 3,212 shares during the period. Finally, Segment Wealth Management LLC grew its stake in shares of McDonald's by 1.7% in the 1st quarter. Segment Wealth Management LLC now owns 54,672 shares of the fast-food giant's stock valued at $17,078,000 after purchasing an additional 937 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price objective (up from $340.00) on shares of McDonald's in a research note on Monday, May 5th. Truist Financial increased their price target on McDonald's from $350.00 to $356.00 and gave the stock a "buy" rating in a research report on Wednesday. TD Securities restated a "hold" rating and set a $305.00 price target on shares of McDonald's in a research report on Thursday, June 5th. The Goldman Sachs Group upgraded McDonald's from a "neutral" rating to a "buy" rating and set a $345.00 price target on the stock in a research report on Thursday. Finally, Redburn Atlantic restated a "sell" rating and set a $260.00 price target (down from $319.00) on shares of McDonald's in a research report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $322.29.

McDonald's Stock Up 0.5%

Shares of MCD traded up $1.41 during trading hours on Friday, reaching $299.80. The stock had a trading volume of 4,494,100 shares, compared to its average volume of 3,532,598. McDonald's Corporation has a 52 week low of $246.12 and a 52 week high of $326.32. The firm has a 50-day moving average of $304.11 and a 200 day moving average of $302.48. The company has a market cap of $214.37 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.11 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 EPS for the quarter, meeting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during 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 firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.70 EPS. As a group, equities analysts expect that McDonald's Corporation will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The company also recently announced 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. This represents a $7.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Monday, June 2nd. McDonald's's dividend payout ratio (DPR) is presently 62.49%.

Insider Transactions at McDonald's

In other news, CMO Edith Morgan Flatley sold 1,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $300.00, for a total value 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. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares of the company's stock, valued at $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 quarter, insiders have sold 3,817 shares of company stock valued at $1,165,843. Corporate insiders own 0.25% of the company's stock.

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.