McDonald’s Corporation (NYSE:MCD) Shares Bought by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its position in McDonald’s Corporation (NYSE:MCD) by 1.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,395 shares of the fast-food giant’s stock after acquiring an additional 157 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in McDonald’s were worth $4,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mascagni Wealth Management Inc. purchased a new stake in McDonald’s during the fourth quarter worth $25,000. Atala Financial Inc purchased a new position in shares of McDonald’s during the 4th quarter worth $26,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald’s during the 4th quarter valued at about $29,000. Fairway Wealth LLC grew its stake in shares of McDonald’s by 110.0% during the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant’s stock valued at $30,000 after buying an additional 55 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new stake in McDonald’s during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Truist Financial set a $350.00 target price on McDonald’s in a research note on Friday, May 2nd. Barclays boosted their price target on McDonald’s from $347.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Piper Sandler lifted their target price on McDonald’s from $292.00 to $314.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Loop Capital cut shares of McDonald’s from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $346.00 to $315.00 in a report on Friday, June 6th. Finally, Robert W. Baird lifted their price objective on shares of McDonald’s from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $321.17.

McDonald’s Trading Down 0.3%

NYSE:MCD opened at $293.80 on Friday. The company has a market capitalization of $210.08 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.08 and a beta of 0.53. McDonald’s Corporation has a 12 month low of $243.53 and a 12 month high of $326.32. The business’s 50-day moving average is $306.57 and its 200 day moving average is $302.37.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data 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 net margin of 31.75% and a negative return on equity of 195.27%. 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 prior year, the company posted $2.70 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 dividend yield of 2.41%. The ex-dividend date was Monday, June 2nd. McDonald’s’s dividend payout ratio (DPR) is presently 62.49%.

Insider Activity

In other news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $288.52, for a total value of $270,920.28. Following the sale, the insider owned 10,222 shares in the company, valued at $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 2,817 shares of company stock valued at $865,843. 0.25% of the stock is owned by corporate insiders.

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.