McDonald’s Co. (NYSE:MCD) Shares Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC increased its holdings in shares of McDonald’s Co. (NYSE:MCD) by 59.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,153 shares of the fast-food giant’s stock after purchasing an additional 11,554 shares during the period. Cornerstone Wealth Group LLC’s holdings in McDonald’s were worth $8,784,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. LaSalle St. Investment Advisors LLC raised its position in McDonald’s by 3.0% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,660 shares of the fast-food giant’s stock worth $437,000 after buying an additional 48 shares during the last quarter. Gotham Asset Management LLC increased its holdings in shares of McDonald’s by 43.8% in the 3rd quarter. Gotham Asset Management LLC now owns 34,762 shares of the fast-food giant’s stock valued at $9,158,000 after purchasing an additional 10,583 shares in the last quarter. First Dallas Securities Inc. increased its holdings in shares of McDonald’s by 3.9% in the 3rd quarter. First Dallas Securities Inc. now owns 4,354 shares of the fast-food giant’s stock valued at $1,147,000 after purchasing an additional 163 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of McDonald’s by 8.4% in the 3rd quarter. Waverly Advisors LLC now owns 4,957 shares of the fast-food giant’s stock valued at $1,306,000 after purchasing an additional 383 shares in the last quarter. Finally, United Services Automobile Association increased its holdings in shares of McDonald’s by 12.6% in the 3rd quarter. United Services Automobile Association now owns 19,744 shares of the fast-food giant’s stock valued at $5,201,000 after purchasing an additional 2,204 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MCD. Evercore ISI reiterated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a report on Wednesday, March 27th. UBS Group dropped their target price on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating for the company in a report on Friday, April 5th. The Goldman Sachs Group assumed coverage on shares of McDonald’s in a report on Thursday, June 13th. They set a “neutral” rating and a $288.00 target price for the company. KeyCorp dropped their target price on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Finally, Erste Group Bank restated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and an average target price of $315.14.

Insiders Place Their Bets

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Jonathan Banner sold 800 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares of the company’s stock, valued at $5,225.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now directly owns 16,977 shares of the company’s stock, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders sold a total of 4,095 shares of company stock valued at $1,100,625 over the last 90 days. 0.23% of the stock is owned by company insiders.

McDonald’s Price Performance

Shares of NYSE:MCD traded down $3.33 during midday trading on Friday, reaching $254.84. The company had a trading volume of 8,958,712 shares, compared to its average volume of 3,556,529. The stock’s fifty day moving average price is $263.31 and its 200-day moving average price is $279.19. The stock has a market capitalization of $183.66 billion, a P/E ratio of 21.63, a PEG ratio of 2.87 and a beta of 0.71. McDonald’s Co. has a one year low of $245.73 and a one year high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 EPS. As a group, sell-side analysts forecast that McDonald’s Co. will post 12.19 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 17th. Shareholders of record on Monday, June 3rd were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Monday, June 3rd. McDonald’s’s dividend payout ratio is presently 56.71%.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.