McDonald’s Corporation (NYSE:MCD) Position Increased by Gouws Capital LLC

Gouws Capital LLC increased its stake in shares of McDonald’s Corporation (NYSE:MCD) by 41.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,416 shares of the fast-food giant’s stock after buying an additional 416 shares during the quarter. Gouws Capital LLC’s holdings in McDonald’s were worth $442,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. WealthPlan Investment Management LLC lifted its holdings in shares of McDonald’s by 0.9% during the first quarter. WealthPlan Investment Management LLC now owns 3,630 shares of the fast-food giant’s stock valued at $1,134,000 after purchasing an additional 32 shares during the last quarter. Granite Bay Wealth Management LLC lifted its stake in McDonald’s by 3.5% in the 1st quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock worth $309,000 after acquiring an additional 33 shares in the last quarter. CVA Family Office LLC lifted its stake in McDonald’s by 1.9% in the 1st quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock worth $560,000 after acquiring an additional 33 shares in the last quarter. Consilium Wealth Advisory LLC lifted its stake in McDonald’s by 2.5% in the 1st quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after acquiring an additional 33 shares in the last quarter. Finally, Security Financial Services INC. lifted its stake in McDonald’s by 0.7% in the 1st quarter. Security Financial Services INC. now owns 5,043 shares of the fast-food giant’s stock worth $1,575,000 after acquiring an additional 33 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $305.62 on Monday. The firm has a market cap of $218.09 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 3.12 and a beta of 0.52. The business’s 50-day simple moving average is $298.57 and its 200-day simple moving average is $304.63. McDonald’s Corporation has a 52 week low of $265.33 and a 52 week high of $326.32.

McDonald’s (NYSE:MCD) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.04. McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the company earned $2.97 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research 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 announced 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. The ex-dividend date is Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald’s’s dividend payout ratio is presently 60.67%.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Desiree Ralls-Morrison sold 2,487 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total value of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This trade represents a 22.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 939 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $299.49, for a total value of $281,221.11. Following the completion of the sale, the insider owned 9,283 shares of the company’s stock, valued at $2,780,165.67. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,280 shares of company stock worth $2,215,178 in the last 90 days. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $350.00 price objective (up from $345.00) on shares of McDonald’s in a research note on Thursday. Barclays increased their price objective on McDonald’s from $355.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday. KeyCorp reissued an “overweight” rating and issued a $335.00 price objective (up from $325.00) on shares of McDonald’s in a research note on Thursday. The Goldman Sachs Group raised McDonald’s from a “neutral” rating to a “buy” rating and set a $345.00 price objective for the company in a research note on Thursday, July 10th. Finally, Piper Sandler upped their target price on McDonald’s from $314.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $326.87.

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.