Cwm LLC Grows Position in McDonald’s Corporation (NYSE:MCD)

Cwm LLC raised its position in shares of McDonald’s Corporation (NYSE:MCD) by 4.8% during the 1st quarter, Holdings Channel reports. The fund owned 90,851 shares of the fast-food giant’s stock after purchasing an additional 4,187 shares during the period. Cwm LLC’s holdings in McDonald’s were worth $28,379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Granite Bay Wealth Management LLC boosted its stake in McDonald’s by 3.5% in the first quarter. Granite Bay Wealth Management LLC now owns 988 shares of the fast-food giant’s stock valued at $309,000 after acquiring an additional 33 shares during the last quarter. CVA Family Office LLC lifted its stake in McDonald’s by 1.9% in the first quarter. CVA Family Office LLC now owns 1,793 shares of the fast-food giant’s stock valued at $560,000 after buying an additional 33 shares during the period. Consilium Wealth Advisory LLC boosted its holdings in McDonald’s by 2.5% during the first quarter. Consilium Wealth Advisory LLC now owns 1,334 shares of the fast-food giant’s stock worth $417,000 after buying an additional 33 shares during the last quarter. Northeast Financial Consultants Inc grew its position in shares of McDonald’s by 0.5% during the 4th quarter. Northeast Financial Consultants Inc now owns 7,486 shares of the fast-food giant’s stock worth $2,170,000 after buying an additional 34 shares during the period. Finally, Tealwood Asset Management Inc. increased its stake in shares of McDonald’s by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 8,117 shares of the fast-food giant’s stock valued at $2,535,000 after acquiring an additional 34 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird raised their price objective on McDonald’s from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. KeyCorp dropped 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. Loop Capital cut shares of McDonald’s from a “buy” rating to a “hold” rating and reduced their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. Erste Group Bank lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Northcoast Research cut McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, McDonald’s currently has an average rating of “Hold” and a consensus target price of $322.29.

McDonald’s Stock Up 0.5%

Shares of NYSE:MCD opened at $299.80 on Monday. The stock has a market cap of $214.37 billion, a PE ratio of 26.46, a P/E/G ratio of 3.13 and a beta of 0.53. McDonald’s Corporation has a 12-month low of $246.12 and a 12-month high of $326.32. The business has a 50 day moving average of $304.11 and a 200-day moving average of $302.59.

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 the consensus estimate of $2.67. McDonald’s had a negative return on equity of 195.27% and a net margin of 31.75%. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter last year, the business earned $2.70 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts expect 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 was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. McDonald’s’s payout ratio is presently 62.49%.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction that occurred 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 sale, the insider owned 10,222 shares of the company’s stock, valued at $2,949,251.44. This represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the chief marketing officer owned 8,858 shares of the company’s stock, valued at approximately $2,657,400. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,817 shares of company stock valued at $1,165,843. 0.25% of the stock is owned by company insiders.

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.